We examine whether the extra-financial performance of countries on environmental, social
and governance (ESG) factors matters for sovereign bonds markets. Using a panel …

The economic literature has been forceful on the role of fiscal institutions in attenuating
economic fluctuations. In particular, the implementation of fiscal rules has gained importance …

This paper analyzes the political determinants of sovereign bond yield spreads using data
for 27 emerging markets in the period 1996 to 2009. I find strong evidence that countries …

This paper investigates the role of countries' environmental, social and governance (ESG)
performance in sovereign CDS markets. Based on data for 60 countries from 2007 to 2017 …

This paper analyzes the relationship between corporate performance and innovative effort
for a set of Spanish companies during the 2007–2013 period. For this purpose, we use a …

This paper explores the drivers of sovereign default in 100 countries over the period 1996–
2012. We build a new data set of sovereign defaults and find that default events for local and …

This paper investigates the explanatory and forecasting power of macroeconomic
fundamentals on emerging market sovereign credit spreads. We pay special attention to a …

This dissertation investigates the long-term determinants of the government bond nominal
yields of Brazil, Colombia, and Mexico. It deploys vector error correction (VEC) model to …

We use a combination of Extreme Gradient Boosting and SHAP Additive Explanations to
uncover the determinants of sovereign risk across a wide range of countries from 2002 to …

The academic and political discussion about which countries met the conditions for joining
the Economic and Monetary Union was decisively influenced by the Frankel and Rose …