Bond Yields in Emerging Economies: It Matters What State You Are In

Working Paper No. 12/198

While many studies have looked into the determinants of yields on externally issued sovereign bonds of emerging economies, analysis of domestically issued bonds has hitherto been limited, despite their growing relevance. This paper finds that the extent to which fiscal variables affect domestic bond yields in emerging economies depends on the... READ MORE...

Publication date: August 2012
ISBN 9781475505481

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Publication date: August 2012