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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Hlavní autor: Asonuma, Tamon
Další autoři: Niepelt, Dirk, Ranciere, Romain
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2017.
Edice:IMF Working Papers; Working Paper ; No. 2017/119
On-line přístup:Full text available on IMF

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