01658cas a2200253 a 4500 AALejournalIMF002868 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451844559 1018-5941 BD-DhAAL BD-DhAAL Chan-Lau, Jorge. Equity Prices, Credit Default Swaps, and Bond Spreads in Emerging Markets / Jorge Chan-Lau, Yoon Sook Kim. Washington, D.C. : International Monetary Fund, 2004. 1 online resource (31 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper examines equilibrium price relationships and price discovery between credit defaul swap (CDS), bond, and equity markets for emerging market sovereign issuers. Findings suggest that CDS and bond spreads converge despite various pressures that arise in the market. In most countries, however, we do not find any equilibrium price relationship between the bond and CDS markets and the equity markets. As for price discovery, our results are mixed. This stands in contrast to the empirical findings on corporate issuers in the United States and Europe. Mode of access: Internet Kim, Yoon Sook. IMF Working Papers; Working Paper ; No. 2004/027 Full text available on IMF http://elibrary.imf.org/view/journals/001/2004/027/001.2004.issue-027-en.xml IMF e-Library