2026-04-17T15:04:44Zhttps://recercat.cat/oai/request

oai:recercat.cat:2445/1116152025-11-20T10:15:57Zcom_2072_1057col_2072_478809col_2072_478917

00925njm 22002777a 4500 dc Marí del Cristo, María Lorena author Gómez-Puig, Marta author 2017-05-26T10:57:09Z 2018-04-30T22:01:19Z 2017-04 2017-05-26T10:57:09Z This paper presents empirical evidence on the interrelationship that exists between the evolution of the Emerging Markets Bonds Index (EMBI) and some macroeconomic variables in seven Latin American countries; two of them (Ecuador and Panama), full dollarized. We make use of a Cointegrated Vector framework to analyze the short run effects from 2001 to 2009. The results suggest that EMBI is more stable in dollarized countries and that its evolution influences economic activity in non-dollarized economies; suggesting that investors' confidence might be higher in dollarized countries where real and financial economic evolution are less vulnerable to external shocks than in non-dollarized ones. Finances internacionals Dòlar nord-americà Mercat financer Amèrica Llatina Màrqueting de relacions International finance American dollar Financial market Latin America Relationship marketing Dollarization and the relationship between EMBI and fundamentals Latin American countries