The Impact of Fiscal Policy on Emerging Markets Sovereign Spreads

Country risk or sovereign spreads affect directly the investment of companies and sovereigns, being an important figure to domestic interest rates and to economic growth. This paper analyzes the impact of fiscal policy on the determinants of the sovereign risk of 23 emerging market countries between...

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Bibliographic Details
Main Authors: Katia Rocha, Ajax Moreira
Format: Article
Language:English
Published: Brazilian Society of Finance 2012-04-01
Series:Revista Brasileira de Finanças
Subjects:
Online Access:http://bibliotecadigital.fgv.br/ojs/index.php/rbfin/article/view/3353/2458