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We investigate the determinants of emerging markets performance during five U.S. Federal Reserve monetary tightening and easing cycles during 2004-2023. We study how macroeconomic and institutional conditions of an Emerging Market (EM) at the beginning of a cycle explain EM resilience during...
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This paper investigates the impact of credit rating changes on the sovereign spreads in the European Union and investigates the macro and financial factors that account for the time varying effects of a given credit rating change. We find that changes of ratings are informative, economically...
Persistent link: https://www.econbiz.de/10012459536
default swap (CDS) spreads of emerging markets during 2004-2012, which encompasses the global financial crisis of 2008 …-2009. Inflation, state fragility, external debt, and commodity terms of trade volatility were positively associated, while trade …
Persistent link: https://www.econbiz.de/10012459699
This paper investigates the impact of credit rating changes on the sovereign spreads in the European Union and investigates the macro and financial factors that account for the time varying effects of a given credit rating change. We find that changes of ratings are informative, economically...
Persistent link: https://www.econbiz.de/10013080412
default swap (CDS) spreads of emerging markets during 2004-2012, which encompasses the global financial crisis of 2008 …-2009. Inflation, state fragility, external debt, and commodity terms of trade volatility were positively associated, while trade …
Persistent link: https://www.econbiz.de/10013083389