On the Pricing of LDC Debt: An Analysis Based on Historical Evidence from Latin America
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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This paper displays and discusses historical data on sovereign debt prices for two Latin American countries and provides a signalling framework to account for the following phenomena: (a) prices for old (defaulted) and newly-issued debts were the same, but such prices diverge and rise sharply once the countries stopped issuing new foreign debt,...
