Sovereign Bond Restructuring: Commitment vs. Flexibility
收藏NBER2022-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w29872
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资源简介：
Sovereigns in distress often engage in debt restructuring, typically negotiating with multiple classes of bondholders at once. We use natural experiments to investigate whether sovereign bondholders benefit from committing not to restructure. We find that committing not to restructure one class of
提供机构：
美国国家经济研究局
创建时间：
2022-03-01
