Budina, Nina; Mantchev, Tzvetan - Economics Research, World Bank Group - 2000
To analyze the main determinants of secondary market prices of Bulgarian Brady Bonds, the authors investigate to what … prices of bonds, using co-integration techniques. In the long-run, they find that gross foreign reserves and exports had a … positive effect on bond prices and the real exchange rate and Mexico's nominal exchange rate depreciation had a negative effect …