2026-04-13T03:09:20Zhttps://recercat.cat/oai/requestoai:recercat.cat:2445/1116152025-11-20T10:15:57Zcom_2072_1057col_2072_478809col_2072_478917
RECERCAT
author
Marí del Cristo, María Lorena
author
Gómez-Puig, Marta
2017-05-26T10:57:09Z2018-04-30T22:01:19Z2017-042017-05-26T10:57:09Z
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.
cc-by-nc-nd (c) Asociación Cuadernos de Economía, 2017 http://creativecommons.org/licenses/by-nc-nd/3.0/es info:eu-repo/semantics/openAccess
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
info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion