regimes but stronger in a bond yield's contraction regime. This suggests that the response of emerging market bond yields to …

market confidence, bringing about a reduction in yield spreads? We employ a new panel data set which contains sovereign yield … reflected in high sovereign yield spreads and put further strain on government finances. Is austerity successful in restoring … spreads for 26 emerging and advanced economies and estimate the effects of cuts of government consumption on yield spreads and …