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Emerging Countries' Sovereign Risk: Balance Sheets, Contagion and Risk Aversion

Published on Wednesday, June 1, 2005 | Updated on Wednesday, May 21, 2014

Emerging Countries' Sovereign Risk: Balance Sheets, Contagion and Risk Aversion

Three important external determinants of sovereign spreads in emerging countries are reviewed: balance sheet effects, global risk aversion and contagion.

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