The Term-Structure of Sovereign Default Risk in Colombia and its Determinants

Borradores de Economia
Número: 
709
Publicado: 
Clasificación JEL: 
F34, G15, F37
Palabras clave: 
Sovereign Default Risk, Term Structure, Emerging Markets

Lo más reciente

Jhorland Ayala-García, Yesica Tatiana Lara-Silva, Alejandro Alberto Vargas-Villamil, Lina Romero-Chaparro
Jesús Alonso Botero-García, Ligia Alba Melo-Becerra, Cristian Castrillón Gaviria, Daniela Gallo

We study the determinants of sovereign default risk in Colombia by focusing on different time spans of risk which are indicated by yield spreads of government bonds with different maturities. Cointegration regressions are performed to analyze whether the