Sovereign default risk in OECD countries : Do global factors matter?

We study the determinants of sovereign default risk for a group of 23 OECD countries using quarterly data spanning the period between 2000:Q1 and 2016:Q3. Applying the recently developed panel dynamic heterogeneous common correlated effects estimator of Chudik and Pesaran [2015] our study innovates...

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Detalles Bibliográficos
Autores Principales: Ordoñez-Callamand, Daniel, Gómez-González, José Eduardo, Melo-Velandia, Luis Fernando
Formato: Documento de trabajo (Working Paper)
Lenguaje:Inglés (English)
Publicado: Banco de la República de Colombia 2017
Materias:
Acceso en línea:http://repositorio.banrep.gov.co/handle/20.500.12134/6309