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Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter?
This paper studies the factors moving the Eurobond prices and credit ratings issued by emerging markets. By observing a set of variables, including economic freedom, contagion effects and strategic international relations, the study was able to provide a thorough analysis of their impact on Eurobond...
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| Format: | Thesis |
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AUC Knowledge Fountain
2024
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| _version_ | 1867613424218800128 |
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| access_status_str | Open Access |
| author | El Rouby, Nourhan |
| author_browse | El Rouby, Nourhan |
| author_facet | El Rouby, Nourhan |
| author_sort | El Rouby, Nourhan |
| collection | Thesis |
| description | This paper studies the factors moving the Eurobond prices and credit ratings issued by emerging markets. By observing a set of variables, including economic freedom, contagion effects and strategic international relations, the study was able to provide a thorough analysis of their impact on Eurobond performance. The research was able to identify significant determinants of Eurobond prices and credit ratings through utilizing panel data from 20 emerging markets over a period of April 2018 to September 2023 where we applied fixed effects linear regression and ordered logit models. The findings resulted that economic freedom, in specific enforcement of contracts, and strategic international relations significantly influence Eurobond performance. The robustness of the research results shows the importance of the mentioned variables in knowing the dynamics of Eurobond markets. The insights attained from this study can support policymakers in applying strategies to improve the financial stability and moderate risks related to Eurobond investments. |
| format | Thesis |
| id | oai:fount.aucegypt.edu:etds-3439 |
| institution | American University in Cairo (Egypt) |
| last_indexed | 2026-06-10T12:35:55.364Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from AUC Knowledge Fountain — bepress |
| publishDate | 2024 |
| publishDateRange | 2024 |
| publishDateSort | 2024 |
| publisher | AUC Knowledge Fountain |
| publisherStr | AUC Knowledge Fountain |
| record_format | dspace |
| source_str | AUC Knowledge Fountain — bepress |
| spelling | oai:fount.aucegypt.edu:etds-3439 Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter? El Rouby, Nourhan This paper studies the factors moving the Eurobond prices and credit ratings issued by emerging markets. By observing a set of variables, including economic freedom, contagion effects and strategic international relations, the study was able to provide a thorough analysis of their impact on Eurobond performance. The research was able to identify significant determinants of Eurobond prices and credit ratings through utilizing panel data from 20 emerging markets over a period of April 2018 to September 2023 where we applied fixed effects linear regression and ordered logit models. The findings resulted that economic freedom, in specific enforcement of contracts, and strategic international relations significantly influence Eurobond performance. The robustness of the research results shows the importance of the mentioned variables in knowing the dynamics of Eurobond markets. The insights attained from this study can support policymakers in applying strategies to improve the financial stability and moderate risks related to Eurobond investments. 2024-11-10T08:00:00Z thesis application/pdf https://fount.aucegypt.edu/etds/2391 https://fount.aucegypt.edu/context/etds/article/3439/viewcontent/Eurobond_Performance_in_Emerging_Markets__Do_Economic_Freedom__Contagion_Effects__and_Strategic_International_Relations_Matter.pdf Theses and Dissertations AUC Knowledge Fountain Eurobonds Emerging Markets Bond Pricing Credit Ratings Contagion Effect Economic Freedom Strategic International Relations. Finance and Financial Management |
| spellingShingle | Eurobonds Emerging Markets Bond Pricing Credit Ratings Contagion Effect Economic Freedom Strategic International Relations. Finance and Financial Management El Rouby, Nourhan Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter? |
| title | Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter? |
| title_full | Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter? |
| title_fullStr | Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter? |
| title_full_unstemmed | Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter? |
| title_short | Eurobond Performance in Emerging Markets: Do Economic Freedom, Contagion Effects, and Strategic International Relations Matter? |
| title_sort | eurobond performance in emerging markets do economic freedom contagion effects and strategic international relations matter |
| topic | Eurobonds Emerging Markets Bond Pricing Credit Ratings Contagion Effect Economic Freedom Strategic International Relations. Finance and Financial Management |
| url | https://fount.aucegypt.edu/etds/2391 https://fount.aucegypt.edu/context/etds/article/3439/viewcontent/Eurobond_Performance_in_Emerging_Markets__Do_Economic_Freedom__Contagion_Effects__and_Strategic_International_Relations_Matter.pdf |
| work_keys_str_mv | AT elroubynourhan eurobondperformanceinemergingmarketsdoeconomicfreedomcontagioneffectsandstrategicinternationalrelationsmatter |