This paper proposes an approach to track US$1 trillion of emerging market government debt held by foreign investors in local and hard currency, based on a simil

This paper analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and te

What determines the ability of low-income developing countries to issue bonds in international capital and what explains the spreads on these bonds? This paper

This guidance note was prepared by International Monetary Fund (IMF) and World Bank Group staff under a project undertaken with the support of grants from the F

We analyze the relationship between global and country-specific factors and emerging market debt spreads from three different angles. First, we aim to disentang