Resource Windfalls and Emerging Market Sovereign Bond Spreads : The Role of Political Institutions
We examine the effect that revenue windfalls from international commodity price booms have on sovereign bond spreads using panel data for 38 emerging market economies during the period 1997-2007. Our main finding is that commodity price booms lead to a significant reduction in the sovereign bond spr...
| Main Authors: | , |
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| Format: | Journal Article |
| Language: | en_US |
| Published: |
World Bank
2013
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| Subjects: | |
| Online Access: | http://hdl.handle.net/10986/15310 |