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Petrol Prices and Government Bond Risk Premium

Author

Listed:
  • Hervé Alexandre

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

  • Antonin de Benoist

    (DRM - Dauphine Recherches en Management - Université Paris Dauphine-PSL - PSL - Université Paris Sciences et Lettres - CNRS - Centre National de la Recherche Scientifique)

Abstract

Emerging countries, like Brazil, China and India are in constant evolution since the early 90s. During this period, the issuance of bonds by developing countries has increased significantly reflecting their needs substantial investment in infrastructure and long-term projects. But at the same time, they had to face a series of financial crises that has significantly reduced their credit capacity and increasing the spread, therefore the cost of financing. The aim of this paper is to understand the determinants of this spread and the macroeconomic indicators and other variables which can explain it.

Suggested Citation

  • Hervé Alexandre & Antonin de Benoist, 2017. "Petrol Prices and Government Bond Risk Premium," Working Papers hal-01620808, HAL.
    • Handle: RePEc:hal:wpaper:hal-01620808
    Note: View the original document on HAL open archive server: https://hal.science/hal-01620808
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    References listed on IDEAS

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