. In particular, the pass-through of global benchmark rates to interest rates on sovereign bonds is about 70 percent. The …

financing options, including international bonds, for many emerging market (EM) economies and LICs. This paper presents some of … the advantages and disadvantages of international debut bonds, within a debt sustainability framework. It outlines key … capital markets, including excessive issue size relative to the intended use of bond proceeds, issuance of bullet bonds, and …

of sovereign bond spreads in emerging markets before and after the Russian crisis. The nonbailout of Russia in August … the presence of moral hazard, such an event should raise not only the level of spreads, but also the sensitivity with … which spreads reflect fundamentals as well as their cross-country dispersion. We find strong evidence for all three effects. …

This paper assesses the impact of bonds issued according to Islamic principles (Sukuk), on the cost and risk structure … behavior of Eurobonds and Sukuk issued by the same issuer are significantly different to provide gains from diversification …

find strong evidence of spillovers from both sovereign spreads and macroeconomic fundamentals in neighboring emerging … emerging markets, but also across emerging markets when analyzing sovereign spreads. …