01884cas a2200265 a 4500 AALejournalIMF006908 230101c9999 xx r poo 0 0eng d 5.00 USD 9781455210886 1018-5941 BD-DhAAL BD-DhAAL Petrova, Iva. Determinants of Emerging Market Sovereign Bond Spreads : Fundamentals vs Financial Stress / Iva Petrova, Michael Papaioannou, Dimitri Bellas. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (25 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 analyses the determimants of emerging market sovereign bond spreads by examining the short and long-run effects of fundamental (macroeconomic) and temporary (financial market) factors on these spreads. During the current global financial and economic crisis, sovereign bond spreads widened dramatically for both developed and emerging market economies. This deterioration has widely been attributed to rapidly growing public debts and balance sheet risks. Our results indicate that in the long run, fundamentals are significant determinants of emerging market sovereign bond spreads, while in the short run, financial volatility is a more important determinant of sperads than fundamentals indicators. Mode of access: Internet Bellas, Dimitri. Papaioannou, Michael. IMF Working Papers; Working Paper ; No. 2010/281 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/281/001.2010.issue-281-en.xml IMF e-Library