LIBROS DEL AUTOR: erik durbin

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  • International Finance Discussion Papers
    Erik Durbin / et al. / United States Federal Reserve Board
    We investigate the role of 'country risk' in determining the default risk of firms in emerging markets. In particular, we study the relationship between the secondary market spreads (over hard-currency government bond yields) of bonds issued by emerging market firms and bonds issued by their home governments over the past 3 1/2 years. Our results indicate that market participan...
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