Emerging market debt: measuring credit quality and examining relative pricing

We investigate the pricing of ‘Brady’ bonds that are issued by the governments of five developing countries as part of debt and debt service reduction agreements. We first present a measure of credit quality that takes account of the individual features of each bond and is comparable across bonds, a...

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Veröffentlicht in:	Journal of international money and finance 2001-10, Vol.20 (5), p.591-609
Hauptverfasser:	Cumby, Robert E., Pastine, Tuvana
Format:	Artikel
Sprache:	eng
Schlagworte:	Bonds Brady bonds Credit risk Debt service Developing countries Emerging market debt Emerging markets LDCs Manycountries Rates of return Sovereign debt Statistical analysis Studies
Online-Zugang:	Volltext
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