{"id":"https://openalex.org/W2030173137","doi":"https://doi.org/10.1111/jmcb.12052","title":"Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries","display_name":"Exchange Rate Policy and Sovereign Bond Spreads in Developing Countries","publication_year":2013,"publication_date":"2013-09-09","ids":{"openalex":"https://openalex.org/W2030173137","doi":"https://doi.org/10.1111/jmcb.12052","mag":"2030173137"},"language":"en","primary_location":{"id":"doi:10.1111/jmcb.12052","doi":"https://doi.org/10.1111/jmcb.12052","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jmcb.12052","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jmcb.12052","source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"bronze","oa_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jmcb.12052","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5054076980","display_name":"Samir Jahjah","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1310145890","display_name":"International Monetary Fund","ror":"https://ror.org/05m4rmw09","country_code":"US","type":"other","lineage":["https://openalex.org/I1310145890"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"SAMIR JAHJAH","raw_affiliation_strings":["\u2021International Monetary Fund"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"\u2021International Monetary Fund","institution_ids":["https://openalex.org/I1310145890"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5104163654","display_name":"Bin Wei","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I119878761","display_name":"Federal Reserve Bank of Atlanta","ror":"https://ror.org/05qg1tz58","country_code":"US","type":"other","lineage":["https://openalex.org/I119878761","https://openalex.org/I1317239608"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"BIN WEI","raw_affiliation_strings":["Federal Reserve Bank of Atlanta,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Federal Reserve Bank of Atlanta,","institution_ids":["https://openalex.org/I119878761"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5027373737","display_name":"Vivian Zhanwei Yue","orcid":"https://orcid.org/0000-0001-8775-8065","observed_orcids":["https://orcid.org/0000-0001-8775-8065"]},"institutions":[{"id":"https://openalex.org/I79576946","display_name":"University of Pennsylvania","ror":"https://ror.org/00b30xv10","country_code":"US","type":"education","lineage":["https://openalex.org/I79576946"]}],"countries":["US"],"is_corresponding":false,"raw_author_name":"VIVIAN ZHANWEI YUE","raw_affiliation_strings":["#N#               * University of Pennsylvania"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"#N#               * University of Pennsylvania","institution_ids":["https://openalex.org/I79576946"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":{"value":3800,"currency":"USD","value_usd":3800},"apc_paid":null,"fwci":2.9154,"has_fulltext":true,"cited_by_count":19,"citation_normalized_percentile":{"value":0.91766687,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"45","issue":"7","first_page":"1275","last_page":"1300"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9717000126838684,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.9717000126838684,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11496","display_name":"Credit Risk and Financial Regulations","score":0.017500000074505806,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.007400000002235174,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/exchange-rate-policy","display_name":"exchange rate policy","score":0.9959999918937683},{"id":"https://openalex.org/keywords/sovereign-spreads","display_name":"sovereign spreads","score":0.9449999928474426},{"id":"https://openalex.org/keywords/sovereign-bond-issuance","display_name":"sovereign bond issuance","score":0.9110000133514404},{"id":"https://openalex.org/keywords/fixed-exchange-rates","display_name":"fixed exchange rates","score":0.8569999933242798},{"id":"https://openalex.org/keywords/floating-exchange-rate-regime","display_name":"floating exchange rate regime","score":0.7670000195503235},{"id":"https://openalex.org/keywords/real-exchange-rate-overvaluation","display_name":"real exchange rate overvaluation","score":0.9359999895095825},{"id":"https://openalex.org/keywords/developing-countries","display_name":"developing countries","score":0.8529999852180481},{"id":"https://openalex.org/keywords/bond-pricing","display_name":"bond pricing","score":0.6309999823570251}],"concepts":[{"id":"https://openalex.org/C69738904","wikidata":"https://www.wikidata.org/wiki/Q11693","display_name":"Bond","level":2,"score":0.8132178783416748},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6262721419334412},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.6228823661804199},{"id":"https://openalex.org/C83864248","wikidata":"https://www.wikidata.org/wiki/Q177323","display_name":"Developing country","level":2,"score":0.5849552750587463},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5655958652496338},{"id":"https://openalex.org/C186229450","wikidata":"https://www.wikidata.org/wiki/Q42008","display_name":"Sovereignty","level":3,"score":0.5439027547836304},{"id":"https://openalex.org/C2776071005","wikidata":"https://www.wikidata.org/wiki/Q11337203","display_name":"Exchange-rate regime","level":3,"score":0.505251944065094},{"id":"https://openalex.org/C144929662","wikidata":"https://www.wikidata.org/wiki/Q750178","display_name":"Basis point","level":3,"score":0.46021923422813416},{"id":"https://openalex.org/C18547055","wikidata":"https://www.wikidata.org/wiki/Q47417","display_name":"International economics","level":1,"score":0.3878936469554901},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3389817476272583},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09896478056907654},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1111/jmcb.12052","doi":"https://doi.org/10.1111/jmcb.12052","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jmcb.12052","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jmcb.12052","source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:imf:imfwpa:2004/210","doi":null,"is_oa":false,"landing_page_url":"http://www.imf.org/external/pubs/cat/longres.aspx?sk=17467","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"preprint"}],"best_oa_location":{"id":"doi:10.1111/jmcb.12052","doi":"https://doi.org/10.1111/jmcb.12052","is_oa":true,"landing_page_url":"https://doi.org/10.1111/jmcb.12052","pdf_url":"https://onlinelibrary.wiley.com/doi/pdfdirect/10.1111/jmcb.12052","source":{"id":"https://openalex.org/S2058785","display_name":"Journal of money credit and banking","issn_l":"0022-2879","issn":["0022-2879","1538-4616"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","fnege-1","jufo-2","norway-2","poland-140","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310320595","host_organization_name":"Wiley","host_organization_lineage":["https://openalex.org/P4310320595"],"host_organization_lineage_names":["Wiley"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of Money, Credit and Banking","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320327177","display_name":"Hong Kong Institute for Monetary Research","ror":"https://ror.org/043bj9t05"}],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W2030173137.pdf","grobid_xml":"https://content.openalex.org/works/W2030173137.grobid-xml"},"referenced_works_count":65,"referenced_works":["https://openalex.org/W167492382","https://openalex.org/W234846441","https://openalex.org/W621404393","https://openalex.org/W1495957426","https://openalex.org/W1516132957","https://openalex.org/W1518320615","https://openalex.org/W1558922846","https://openalex.org/W1629693186","https://openalex.org/W1724068323","https://openalex.org/W1970034177","https://openalex.org/W1980268715","https://openalex.org/W1989930905","https://openalex.org/W1990717991","https://openalex.org/W2000774277","https://openalex.org/W2009067325","https://openalex.org/W2015943186","https://openalex.org/W2017755093","https://openalex.org/W2018900114","https://openalex.org/W2025416569","https://openalex.org/W2034360546","https://openalex.org/W2056964551","https://openalex.org/W2063780358","https://openalex.org/W2080879260","https://openalex.org/W2081035952","https://openalex.org/W2099184833","https://openalex.org/W2100425375","https://openalex.org/W2101264780","https://openalex.org/W2101506238","https://openalex.org/W2110375930","https://openalex.org/W2112610875","https://openalex.org/W2113329368","https://openalex.org/W2121207700","https://openalex.org/W2123094342","https://openalex.org/W2128180562","https://openalex.org/W2139122730","https://openalex.org/W2153239978","https://openalex.org/W2164154773","https://openalex.org/W2234720931","https://openalex.org/W2742667902","https://openalex.org/W2782400546","https://openalex.org/W2889808951","https://openalex.org/W2890004393","https://openalex.org/W2891354928","https://openalex.org/W2891615831","https://openalex.org/W2891711407","https://openalex.org/W2892205917","https://openalex.org/W2955066155","https://openalex.org/W3021045036","https://openalex.org/W3022656495","https://openalex.org/W3121213730","https://openalex.org/W3121292762","https://openalex.org/W3121972347","https://openalex.org/W3122196550","https://openalex.org/W3122289537","https://openalex.org/W3123661969","https://openalex.org/W3123880606","https://openalex.org/W3124064065","https://openalex.org/W3124082201","https://openalex.org/W3124143812","https://openalex.org/W3124353352","https://openalex.org/W3124605126","https://openalex.org/W3125658846","https://openalex.org/W3125770312","https://openalex.org/W3126045516","https://openalex.org/W4256569773"],"related_works":["https://openalex.org/W7095692946","https://openalex.org/W7097167418","https://openalex.org/W1945642718","https://openalex.org/W4400573759","https://openalex.org/W2274712852","https://openalex.org/W2479481102","https://openalex.org/W2102239819","https://openalex.org/W2487707666","https://openalex.org/W246049783","https://openalex.org/W2162877259"],"abstract_inverted_index":{"This":[0],"paper":[1],"analyzes":[2],"how":[3],"exchange":[4,25,92],"rate":[5,26,93],"policy":[6],"affects":[7],"the":[8,47,56],"issuance":[9,51,74],"and":[10,31,54,71],"pricing":[11],"of":[12,49,78],"sovereign":[13,82],"bonds":[14,83],"for":[15,88],"developing":[16],"countries.":[17],"We":[18],"find":[19],"that":[20],"countries":[21,89],"with":[22,65,90],"less":[23,33],"flexible":[24],"regimes":[27],"pay":[28],"higher":[29,69,72],"spreads":[30,70],"are":[32],"likely":[34],"to":[35,42,85],"issue":[36],"bonds.":[37],"Changing":[38],"a":[39,43],"free\u2010floating":[40],"regime":[41,45],"fixed":[44,91],"decreases":[46],"likelihood":[48],"bond":[50,73],"by":[52,58],"5.5%":[53],"increases":[55],"spread":[57],"88":[59],"basis":[60],"points":[61],"on":[62,81],"average.":[63],"Countries":[64],"real":[66,79],"overvaluation":[67,80],"have":[68],"probabilities.":[75],"The":[76],"effects":[77],"tend":[84],"be":[86],"magnified":[87],"regimes.":[94]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2022,"cited_by_count":2},{"year":2021,"cited_by_count":1},{"year":2020,"cited_by_count":2},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":1},{"year":2017,"cited_by_count":3},{"year":2016,"cited_by_count":3},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}