Long-Term Returns in Distressed Sovereign Bond Markets : How Did Investors Fare? /
Sovereign debt restructurings are perceived as inflicting large losses to bondholders. However, many bonds feature high coupons and often exhibit strong post-crisis recoveries. To account for these aspects, we analyze the long-term returns of sovereign bonds during 32 crises since 1998, taking into...
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| Format: | Zeitschrift |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2019/138 |
| Online Zugang: | Full text available on IMF |