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Report of Public Treasurer

Online LLMC Digital

Communication from the governor in response to a joint resolution : Executive Chamber, February 13, 1867

February 18, 1867 response from Virginia Governor Peirpoint to a joint resolution to ascertain the terms the railroad stocks and bonds held by the state if exchanged for the bonds of the state. After consultation with New York bondholders, the governor presented a charter for a new railroad company which could accomplish this exchange, pending state legislative action

Online LLMC Digital

Emerging market sovereign bond spreads : estimation and back-testing

We estimate sovereign bond spreads of 28 emerging economies over the period January 1998-December 2011 and test the ability of the model in generating accurate in-sample predictions for emerging economies bond spreads. The impact and significance of country-specific and global explanatory variables on bond spreads varies across regions, as well as economic periods. During crisis times, good macroeconomic fundamentals are helpful in containing bond spreads, but less than in non-crisis times, possibly reflecting the impact of extra-economic forces on bond spreads when a financial crisis occurs.

Online EBSCO Academic Comprehensive Collection