Investors' Risk Appetite and Global Financial Market Conditions /
A structural vector autoregression model is developed to analyze the dynamics of bond spreads among a sample of mature and developing countries during periods of financial stress in the last decade. The model identifies and quantifies the contribution on bond spreads from global market conditions (i...
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| Format: | Book |
| Language: | English |
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International Monetary Fund
2008
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| Series: | IMF working paper ;
WP/08/85 |
| Subjects: |