foreign currency-denominated (U.S. dollar, yen, and euro) bonds for several emerging market economies. Panel econometric … estimates indicate that spreads on new bond issues declined by about 75 basis points following SDDS subscription. …

of collective action clauses (CACs) in international bonds. This decision was shaped partly by Mexico's successful launch … of a bond subject to New York law but featuring CACs, and by subsequent issues with similar provisions from other … the future. It asks whether we can expect to see additional issuance by emerging markets of bonds featuring CACs, whether …

issue of critical size can be addressed through an integrated regional market for local currency bonds that provides greater …

We use data on the extent to which residents of one country hold the bonds of issuers resident in another as a measure … case in which the purchaser and issuer of the bonds reside in different regions. Not surprisingly, we find that Europe is … participation in local markets and to intraregional cross holdings of Asian bonds generally. Further results based on a limited …

, repeat borrowing has little influence in bond markets, where publicly available information dominates. But spreads on bonds … advantage in monitoring and creditor coordination, while bonds have superior risk sharing characteristics. Consistent with this … positive information to bondholders. The influence of IMF monitoring in bond markets is especially pronounced for countries …

A structural vector autoregression model is developed to analyze the dynamics of bond spreads among a sample of mature … contribution on bond spreads from global market conditions (including funding liquidity, market liquidity, as well as credit and … changes in bond spreads over the sample, global market risk factors are fundamental driving forces during periods of stress …