Emerging Market Debt (Opazo, Raddatz, Schmukler)

"The Long and the Short of Emerging Market Debt", by Luis Opazo, Claudio Raddatz and Sergio Schmukler, has been published by The World Bank: "Emerging economies have tried to promote long-term debt because it reduces maturity mismatches and the probability of crises. This paper uses unique evidence from the leading case of Chile to study to what extent there is domestic demand for long-term instruments". (Link in English)