@article {Erb83, author = {Claude B. Erb and Campbell R. Harvey and Tadas E. Viskanta}, title = {New Perspectives on Emerging Market Bonds}, volume = {25}, number = {2}, pages = {83--92}, year = {1999}, doi = {10.3905/jpm.1999.319737}, publisher = {Institutional Investor Journals Umbrella}, abstract = {This article examine the role of emerging market bonds in global investment portfolios. The authors explore the history of these bonds and examine expected returns, risk, and higher moments with data extending though the emerging market crash. The authors find that country risk measures are valuable in explaining expected returns and volatilities in these markets. They also argue that the high expected returns are compensation for large negative skewness risk.}, issn = {0095-4918}, URL = {https://jpm.pm-research.com/content/25/2/83}, eprint = {https://jpm.pm-research.com/content/25/2/83.full.pdf}, journal = {The Journal of Portfolio Management} }