The Seniority Structure of Sovereign Debt
收藏NBER2019-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w25793
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资源简介：
Sovereign governments owe debt to many foreign creditors and can choose which creditors to favor when making payments. This paper documents the de facto seniority structure of sovereign debt using new data on defaults (missed payments or arrears) and creditor losses in debt restructuring (haircuts).
提供机构：
美国国家经济研究局
创建时间：
2019-05-01
