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  • 标题:Revisiting the effects of country specific fundamentals on sovereign default risk
  • 本地全文:下载
  • 作者:Manuel Ramos-Francia ; José G Rangel
  • 期刊名称:Economics Bulletin
  • 电子版ISSN:1545-2921
  • 出版年度:2012
  • 卷号:32
  • 期号:4
  • 页码:3008-3016
  • 出版社:Economics Bulletin
  • 摘要:This paper re-examines the association of country-specific macroeconomic fundamentals and sovereign risk. Our analysis focuses on 26 countries, including both developed and emerging economies, during the period 2000-2009. For both groups, while inflation and twin deficits are associated with higher sovereign spreads, real growth shows negative effects on default risk. International reserves and exchange rate appreciations are associated with lower default risk in emerging markets.
  • 关键词:sovereign; risk; macroeconomic; fundamentals; emerging; developed.
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