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  • 1
    Online Resource
    Online Resource
    Washington, D.C : The World Bank
    Language: English
    Pages: Online-Ressource (1 online resource (27 p.))
    Edition: Online-Ausg. World Bank E-Library Archive
    Parallel Title: Masson, Paul R The Growing Role of The Euro In Emerging Market Finance
    Keywords: Currencies and Exchange Rates ; Debt ; Debt Issuance ; Debt Markets ; Developing Countries ; Emerging Market ; Emerging Markets ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Foreign Exchange ; Foreign Exchange Reserve ; Holdings ; Home Currency ; International Finance ; Macroeconomics and Economic Growth ; Market Finance ; Private Sector Development ; Public Sector Development ; Currencies and Exchange Rates ; Debt ; Debt Issuance ; Debt Markets ; Developing Countries ; Emerging Market ; Emerging Markets ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Foreign Exchange ; Foreign Exchange Reserve ; Holdings ; Home Currency ; International Finance ; Macroeconomics and Economic Growth ; Market Finance ; Private Sector Development ; Public Sector Development ; Currencies and Exchange Rates ; Debt ; Debt Issuance ; Debt Markets ; Developing Countries ; Emerging Market ; Emerging Markets ; Finance and Financial Sector Development ; Fiscal and Monetary Policy ; Foreign Exchange ; Foreign Exchange Reserve ; Holdings ; Home Currency ; International Finance ; Macroeconomics and Economic Growth ; Market Finance ; Private Sector Development ; Public Sector Development
    Abstract: More than eight years after the introduction of the euro, impacts on developing countries have been relatively modest. Overall, the euro has become much more important in debt issuance than in official foreign exchange reserve holdings. The former has benefited from the creation of a large set of investors for which the euro is the home currency, while demand for euro reserves has been held back by the dominance of the dollar as a vehicle and intervention currency, and the greater liquidity of the market for US treasury securities. Fears of further dollar decline may fuel some shifts out of dollars into euros, however, with the potential for a period of financial instability
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 2
    Language: English
    Pages: Online-Ressource
    Edition: Online-Ausg. World Bank E-Library Archive Also available in print
    Series Statement: Policy research working paper 3626
    Parallel Title: Dailami, Mansoor Global monetary conditions versus country-specific factors in the determination of emerging market debt spreads
    Keywords: Credit ; Economic history 1990- ; Interest rates ; Monetary policy ; Credit ; Economic history 1990- ; Interest rates ; Monetary policy
    Abstract: "The authors offer evidence that U.S. interest rate policy has an important influence in the determination of credit spreads on emerging market bonds over U.S. benchmark treasuries and therefore on their cost of capital. Their analysis improves on the existing literature and understanding by addressing the dynamics of market expectations in shaping views on interest rate and monetary policy changes and by recognizing nonlinearities in the link between U.S. interest rates and emerging market bond spreads, as the level of interest rates affect the market's perceived probability of default and the solvency of emerging market borrowers. For a country with a moderate level of debt, repayment prospects would remain good in the face of an increase in U.S. interest rates, so there would be little increase in spreads. A country close to the borderline of solvency would face a steeper increase in spreads. Simulations of a 200 basis points (bps) increase in U.S. interest rates show an increase in emerging market spreads ranging from 6 bps to 65 bps, depending on debt/GDP ratios. This would be in addition to the increase in the benchmark U.S. 10 year Treasury rate. "--World Bank web site
    Note: Includes bibliographical references , Title from PDF file as viewed on 8/22/2005 , Also available in print.
    URL: Volltext  (Deutschlandweit zugänglich)
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  • 3
    Article
    Article
    Associated volumes
    In:  The Oxford handbook of Africa and economics ; Vol.2: Policies and practices (2015), Seite 88-113 | year:2015 | pages:88-113
    ISBN: 9780199687107
    Language: English
    Titel der Quelle: The Oxford handbook of Africa and economics ; Vol.2: Policies and practices
    Publ. der Quelle: Oxford [u.a.] : Oxford Univ. Press, 2015
    Angaben zur Quelle: (2015), Seite 88-113
    Angaben zur Quelle: year:2015
    Angaben zur Quelle: pages:88-113
    Keywords: Aufsatz im Buch
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  • 4
    Online Resource
    Online Resource
    Washington, D.C : Brookings Institution Press
    ISBN: 0815797532 , 9780815797531
    Language: English
    Pages: xix, 217 pages , Illustrationen , Karten , 24 cm
    Edition: Boulder, Colo NetLibrary 2005 Online-Ressource E-Books von NetLibrary
    Series Statement: EBSCOhost eBook Collection
    Keywords: Monetary policy ; Monetary policy Africa ; Politique monétaire Afrique ; Africa ; Monetary policy ; Geschichte ; Währungsunion ; Afrika ; Electronic books. ; Electronic books. ; Electronic books ; Afrika ; Währungsunion ; Geschichte ; Afrika ; Währungsunion ; Geschichte
    Note: Includes bibliographical references (p. 197-205) and index , Electronic reproduction, Boulder, Colo : NetLibrary, 2005
    URL: Volltext  (Deutschlandweit zugänglich)
    URL: Volltext  (Deutschlandweit zugänglich)
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