This paper explains why public domestic debt composition in emerging economies can be risky, namely in foreign currency …, with a short maturity or indexed. It analyses empirically the determinants of these risk sources separately, developing a … risk. Only inflation impacts all types of risky debt, underscoring the overarching importance of monetary credibility to …

domestic debt composition, which encompasses maturity mismatches, rollover risk and interest payment contingency. The paper …This paper explains why domestic debt composition in emerging economies is risky. It carries out an analysis of the … investor base are instrumental to reduce domestic debt riskiness and tilt its composition towards safer, long-term, unindexed …

systems. Using novel risk-weighted indexes the paper examines whether the banking systems' access to credit was related to … that both domestic and international risk factors contributed to the decline in international interbank borrowing during …

systems. Using novel risk-weighted indexes the paper examines whether the banking systems' access to credit was related to … that both domestic and international risk factors contributed to the decline in international interbank borrowing during …

risk premium components, we find that a 1% increase in FC corporate external debt is associated with a 5 basis point … increase in the sovereign risk premium but a small and insignificant change in the sovereign default premium. We incorporate a … productive corporate sector and risk-averse foreign lenders into a quantitative sovereign default model. An increase in FC …

This paper studies the impact of investor composition on the sovereign debt market and the implied funding costs to …

domestic debt composition, which encompasses maturity mismatches, rollover risk and interest payment contingency. The paper …This paper explains why domestic debt composition in emerging economies is risky. It carries out an analysis of the … investor base are instrumental to reduce domestic debt riskiness and tilt its composition towards safer, long-term, unindexed …

-term debt does not shield the country from bad news shocks, and it may even exacerbate default risk. Finally, an increase in the …

, due to a changed perception in the country’s growth prospects, to an increase in the risk of domestic default, or to a … shift in investors’ attitudes toward risk. Often times, monetary and financial elements are combined. A drop in domestic …