The Brady-Euro Yield Differential Debate : Why Arbitrage is Infeasible /
Brady bonds offer substantially higher returns than Eurobonds. This paper examines the Brady and Eurobond markets for developing country debt and finds that the apparent arbitrage opportunity is not only smaller than it at first appears, but is infeasible given the illiquidity of the Eurobond market...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
1996.
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| Серія: | IMF Working Papers; Working Paper ;
No. 1996/127 |
| Онлайн доступ: | Full text available on IMF |