Abstract:

Public debt, Emerging markets, Sovereign debt, United States, Monetary policy, Spillovers, Financial crises, Debt dynamics, sovereign debt crisis, unconventional monetary policy, U.S. economy, bond, interest, bond yields, interest rates, debt crises, risk aversion, emerging economies, long-term bond yields, capital flows, bond markets, monetary fund, investors, long-term interest, default, long-term interest rates, banking crises, liquidity, default risk, central bank, lending, currency, sovereign default, markets developments, instruments, developing countries, long-term yields, bonds, currency depreciation, bond index, reserve, international lending, domestic bond, short term interest rate