Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data
收藏NBER2021-02-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w28459
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资源简介：
Using a novel data set containing all bids by all bidders for Mexican government bonds from 2001 to 2017, we demonstrate that asymmetric information about default risk is a key determinant of primary market bond yields. Empirically, large bidders do not pay more for bonds than the average bidder but
提供机构：
美国国家经济研究局
创建时间：
2021-02-01
