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...

وصف كامل

التفاصيل البيبلوغرافية
المؤلف الرئيسي: Andritzky, Jochen
مؤلفون آخرون: Schumacher, Julian
التنسيق: دورية
اللغة:English
منشور في: Washington, D.C. : International Monetary Fund, 2019.
سلاسل:IMF Working Papers; Working Paper ; No. 2019/138
الوصول للمادة أونلاين:Full text available on IMF