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Assessing Recent Determinants of Borrowing Costs in Sub-Saharan Africa

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  • Aleksandr V. Gevorkyan
  • Ingrid Harvold Kvangraven

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  • Aleksandr V. Gevorkyan & Ingrid Harvold Kvangraven, 2016. "Assessing Recent Determinants of Borrowing Costs in Sub-Saharan Africa," Review of Development Economics, Wiley Blackwell, vol. 20(4), pages 721-738, November.
    • Handle: RePEc:bla:rdevec:v:20:y:2016:i:4:p:721-738
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    References listed on IDEAS

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    1. Burger, John D. & Warnock, Francis E., 2007. "Foreign participation in local currency bond markets," Review of Financial Economics, Elsevier, vol. 16(3), pages 291-304.
    2. Prebisch, Raúl, 1950. "The economic development of Latin America and its principal problems," Sede de la CEPAL en Santiago (Estudios e Investigaciones) 29973, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).
    3. Gavin, Michael & Hausmann, Ricardo & Leiderman, Leonardo, 1995. "The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues," IDB Publications (Working Papers) 6188, Inter-American Development Bank.
    4. Krueger, Anne O, 1987. "Debt, Capital Flows, and LDC Growth," American Economic Review, American Economic Association, vol. 77(2), pages 159-164, May.
    5. Raheem, Mufutau Iyiola, 1994. "Assessing and managing external debt problems in Nigeria," World Development, Elsevier, vol. 22(8), pages 1223-1242, August.
    6. Michael Gavin & Ricardo Hausmann & Leonardo Leiderman, 1995. "The Macroeconomics of Capital Flows to Latin America: Experience and Policy Issues," IDB Publications (Working Papers) 5821, Inter-American Development Bank.
    7. repec:idb:wpaper:310 is not listed on IDEAS
    8. Pettis, Michael, 2001. "The Volatility Machine: Emerging Economies and the Threat of Financial Collapse," OUP Catalogue, Oxford University Press, number 9780195143300.
    9. John D. Burger & Francis E. Warnock, 2006. "Local Currency Bond Markets," IMF Staff Papers, Palgrave Macmillan, vol. 53(si), pages 1-7.
    10. Paul Cashin & Hong Liang & C. John McDermott, 2000. "How Persistent Are Shocks to World Commodity Prices?," IMF Staff Papers, Palgrave Macmillan, vol. 47(2), pages 1-2.
    11. Mr. Aditya Narain & Mr. Pau Rabanal & Steen Byskov, 2003. "Prudential Issues in Less Diversified Economies," IMF Working Papers 2003/198, International Monetary Fund.
    12. Hans J. Blommestein & Greg Horman, 2007. "Government Debt Management and Bond Markets in Africa," Financial Market Trends, OECD Publishing, vol. 2007(1), pages 217-244.
    13. Lucas Bernard & Aleksandr V. Gevorkyan & Thomas I. Palley & Willi Semmler, 2014. "Time scales and mechanisms of economic cycles: a review of theories of long waves," Review of Keynesian Economics, Edward Elgar Publishing, vol. 2(1), pages 87-107, January.
    14. Ugo Panizza, 2008. "Domestic And External Public Debt In Developing Countries," UNCTAD Discussion Papers 188, United Nations Conference on Trade and Development.
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    Cited by:

    1. Daniela Gabor, 2021. "The Wall Street Consensus," Development and Change, International Institute of Social Studies, vol. 52(3), pages 429-459, May.
    2. Koddenbrock, Kai & Sylla, Ndongo Samba, 2019. "Towards a political economy of monetary dependency: The case of the CFA franc in West Africa," MaxPo Discussion Paper Series 19/2, Max Planck Sciences Po Center on Coping with Instability in Market Societies (MaxPo).
    3. Simplice Asongu & Oludele Folarin & Nicholas Biekpe, 2019. "The stability of demand for money in the proposed Southern African Monetary Union," International Journal of Emerging Markets, Emerald Group Publishing Limited, vol. 15(2), pages 222-244, August.
    4. Theobald, Thomas & Tober, Silke, 2020. "Euro area sovereign yield spreads as determinants of private sector borrowing costs," Economic Modelling, Elsevier, vol. 84(C), pages 27-37.
    5. Danny Cassimon & Dennis Essers & Karel Verbeke, 2016. "The changing face of Rwanda's public debt," BeFinD Working Papers 0114, University of Namur, Department of Economics.
    6. Tanweer Akram & Anupam Das, 2020. "Australian Government Bonds’ Nominal Yields: A Keynesian Perspective," Annals of Financial Economics (AFE), World Scientific Publishing Co. Pte. Ltd., vol. 15(01), pages 1-20, March.
    7. Florence Dafe & Dennis Essers & Ulrich Volz, 2018. "Localising sovereign debt: The rise of local currency bond markets in sub‐Saharan Africa," The World Economy, Wiley Blackwell, vol. 41(12), pages 3317-3344, December.
    8. Amr Hosny, 2020. "Nonresident holdings of domestic debt in Nigeria: Internal or external driven?," African Development Review, African Development Bank, vol. 32(3), pages 472-485, September.
    9. Barbara Schuster & Siavash Radpour, 2022. "No "Great Resignation" for Older Workers- Mass Job Loss Drove the Retirement Surge," SCEPA publication series. 2022-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    10. SENGA, Christian, 2018. "Portfolio optimization at the frontier: Assessing the diversification benefits of African securities," Working Papers 2019001, University of Antwerp, Faculty of Business and Economics.
    11. Nyambuu, Unurjargal & Semmler, Willi, 2017. "Emerging markets’ resource booms and busts, borrowing risk and regime change," Structural Change and Economic Dynamics, Elsevier, vol. 41(C), pages 29-42.
    12. Christian Senga & Danny Cassimon & Dennis Essers, 2018. "Sub-Saharan African Eurobond yields: What really matters beyond global factors?," Review of Development Finance Journal, Chartered Institute of Development Finance, vol. 8(1), pages 49-62.
    13. Gabor, Daniela, 2020. "The Wall Street Consensus," SocArXiv wab8m, Center for Open Science.
    14. Aleksandr V. Gevorkyan, 2019. "Exchange market pressure and primary commodity – exporting emerging markets," Applied Economics, Taylor & Francis Journals, vol. 51(22), pages 2390-2412, May.
    15. Aleksandr V. Gevorkyan & Tarron Khemraj, 2022. "Dominant Currency Shocks and Foreign Exchange Pressure in the Periphery," SCEPA working paper series. 2022-01, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    16. Aleksandr V. Gevorkyan, 2017. "The End of Alchemy: Money, Banking, and the Future of the Global Economy," Review of Political Economy, Taylor & Francis Journals, vol. 29(2), pages 338-341, April.
    17. Christian Senga & Danny Cassimon, 2020. "Spillovers in Sub-Saharan Africa’s Sovereign Eurobond Yields," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 56(15), pages 3746-3762, December.
    18. Zhijie Guan & Jim Kwee Fat Ip Ping Sheong, 2020. "Determinants of bilateral trade between China and Africa: a gravity model approach," Journal of Economic Studies, Emerald Group Publishing Limited, vol. 47(5), pages 1015-1038, April.

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