Sovereign debt markets in turbulent times: Creditor discrimination and crowding-out effects
نویسندگان
چکیده
منابع مشابه
Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights
What role did the US courts play in the Argentine debt swap of 2005? What implications does this have for the future of creditor rights in sovereign bond markets? The judge in the Argentine case has, it appears, deftly exploited creditor heterogeneity – between holdouts seeking capital gains and institutional investors wanting a settlement – to promote a swap with a supermajority of creditors. ...
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What role did the US courts play in the Argentine debt swap of 2005? What implications does this have for the future of creditor rights in sovereign bond markets? The judge in the Argentine case has, it appears, deftly exploited creditor heterogeneity – between holdouts seeking capital gains and institutional investors wanting a settlement – to promote a swap with a supermajority of creditors. ...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2014
ISSN: 0304-3932
DOI: 10.1016/j.jmoneco.2013.11.009