Default Premium /
We re-assess the view that sovereigns with a history of default are charged only a small and/or short-lived premium on the interest rate warranted by observed fundamentals. Our reassessment uses a metric of such a 'default premium' (DP) that is consistent with asymmetric information models...
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| Médium: | Časopis |
| Jazyk: | English |
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Washington, D.C. :
International Monetary Fund,
2015.
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| Edice: | IMF Working Papers; Working Paper ;
No. 2015/167 |
| On-line přístup: | Full text available on IMF |