that policy-induced exogenous increases in US rates raise default riskin emerging market economies, as hypothesised in the … and reduce therisk of default dominate the hypothesised relationship. We can only conclude that it’s not a goodidea to …

transitions which are characterised by few observations. Ourestimates of default premia within Mexican, Colombian and Brazilian … default risk accounted for a rather small share (decreasing with maturity) of the yield spreads for non-investment grade … Colombian and Brazilian Eurobonds in 2003. This share increased while yield spreads fell during 2003-2005 mainly due to non-default …

for pricing andanalysing such debt have been proposed. We present a simple structural modelof sovereign default that … obtainprices and default profiles for vanilla bonds and various GDP linked structuresthat could be issued by emerging market … sovereigns. We study four types ofgrowth linked bonds: their default term structures, cash flow profiles, pricingunder different …