Article
Spanish
ID: <
oai:doaj.org/article:73386ca7a431412bbd01548892aa3fab>
Abstract
This article seeks to establish the relationship between certain domestic policy measures and the foreign debt quotation on the international secondary market. Specifically, it inquires into the link between oil prices, changes in the legal regulations and the price of Global Bonds 12 in the Ecuadorian case. The use of econometric techniques leads to the conclusion that the creation of the Fund for Stabilisation, Social and Productive Investment and Reduction of Public Debt (FEIREP) in June 2002 was the main trigger for raising Global Bonds 12, which clearly favoured debt paper holders.