Similar Search Results

Mody, Ashoka; Claessens, Stijn; Vallée, Shahin - International Monetary Fund (IMF) - 2012

This paper discusses proposals for common euro area sovereign securities. Such instruments can potentially serve two functions: in the short-term, stabilize financial markets and banks and, in the medium-term, help improve the euro area economic governance framework through enhanced fiscal...

Persistent link: https://www.econbiz.de/10010790383

Determinants of Sovereign Bond Spreads in Emerging Markets; Local Fundamentals and Global Factors vs. Ever-Changing Misalignments

Csonto, Balazs; Ivaschenko, Iryna V. - International Monetary Fund (IMF) - 2013

We analyze the relationship between global and country-specific factors and emerging market debt spreads from three … country-specific and global developments are important in the long-run, global factors are main determinants of spreads in the … short-run. Second, we investigate whether and how the strength of fundamentals is related to the sensitivity of spreads to …

Persistent link: https://www.econbiz.de/10011242256

Jamaica; Second Review Under the Stand-By Arrangement-Staff Report; Press Release on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2010

Economic activity is weak, but showing incipient signs of a recovery. Domestic financial markets remain stable and the growth outlook has improved. Better prospects for agriculture, mining and quarrying, and construction are expected to increase growth. Macroeconomic performance under the...

Persistent link: https://www.econbiz.de/10011242697

Jamaica; 2009 Article IV Consultation and Request for a Stand: By Arrangement: Staff Report; Staff Supplement; Public Information Notice and Press Release on the Executive Board Di...

International Monetary Fund (IMF); International … - 2010

Jamaica has been stuck in a cycle of low growth and high debt dynamics. It has been severely impacted by the global economic slowdown, and finances have deteriorated. Jamaicaâ€™s objective of virtually eliminating the overall public sector deficit is appropriate. Embedding the medium-term...

Persistent link: https://www.econbiz.de/10011242974

Jamaica; 2010 First Review of the Stand-By Arrangement: Staff Report; Press Release on the Executive Board Discussion

International Monetary Fund (IMF); International … - 2010

Jamaica has performed well under the Stand-By Arrangement program. Executive Directors commended that overall macroeconomic performance under the program has been encouraging. Directors welcomed the program aimed at fiscal responsibility legislation and central treasury management, public debt...

Persistent link: https://www.econbiz.de/10011243799

Former Yugoslav Republic of Macedonia; First Review Under the Precautionary Credit Line

International Monetary Fund (IMF); International … - 2011

The report says that Macedonia continues to pursue sound economic policies that are consistent with the program supported by the Precautionary Credit Line (PCL) arrangement. The authorities strengthened debt management policies and improved access to external funding and developed a domestic...

Persistent link: https://www.econbiz.de/10011243932

Correlations in Emerging Market Bonds; The Role of Local and Global Factors

Hamann, A. Javier; Bunda, Irina; Lall, Subir - International Monetary Fund (IMF) - 2010

This paper examines the comovement in emerging market bond returns and disentangles the influence of external and domestic factors. The conceptual framework, set in the context of asset allocation, allows us to describe the channels through which shocks originating in a particular emerging or...

Persistent link: https://www.econbiz.de/10008561082

What are the driving factors behind the rise of spreads and CDS of euro-area sovereign bonds? : a FAVAR model for Greece and Ireland

Apergēs, Nikolaos; Mamatzakis, Emmanuel C. - In: International journal of economics and business research 7 (2014) 1, pp. 104-120

Persistent link: https://www.econbiz.de/10010351548

News, sovereign debt maturity, and default risk

Dvorkin, Maximiliano A.; Sánchez, Juan M.; Sapriza, Horacio - In: Journal of international economics 126 (2020), pp. 1-23

Persistent link: https://www.econbiz.de/10012631513

News, sovereign debt maturity, and default risk

Dvorkin, Maximiliano A.; Sanchez, Juan M.; Sapriza, Horacio - 2018

Leading into a debt crisis, interest rate spreads on sovereign debt rise before the economy experiences a decline in … estimation, a news shock has a larger contemporaneous impact on sovereign credit spreads than a comparable shock to labor … credit markets, and thus face lower yield spreads while increasing the amount of debt …

Persistent link: https://www.econbiz.de/10011950496