Sovereign Bond Prices, Haircuts and Maturity /

Rejecting a common assumption in the sovereign debt literature, we document that creditor losses ('haircuts') during sovereign restructuring episodes are asymmetric across debt instruments. We code a comprehensive dataset on instrument-specific haircuts for 28 debt restructurings with priv...

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Detalles Bibliográficos
Autor Principal: Asonuma, Tamon
Outros autores: Niepelt, Dirk, Ranciere, Romain
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Working Papers; Working Paper ; No. 2017/119
Acceso en liña:Full text available on IMF

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