search query: @indexterm financial risk / total: 628
reference: 40 / 628
| Author: | Cumby, R. E. Pastine, T. |
| Title: | Emerging market debt: measuring credit quality and examining relative pricing |
| Journal: | Journal of International Money and Finance
2001 : OCT, VOL. 20:5, p. 591-609 |
| Index terms: | CREDIT DEBT EMERGING MARKETS FINANCIAL RISK PRICING |
| Language: | eng |
| Abstract: | The authors investigate the pricing of "Brady" bonds that are issued by the governments of five developing countries as part of debt and debt service reduction agreements. The authors first present a measure of credit quality that takes account of the individual features of each bond and is comparable across bonds, across issuers, and over time. They then examine the evolution of the credit quality of each debt instrument from 1990 until the beginning of 2000. |
SCIMA