Waldenström, Daniel; Frey, Bruno S. - Economics Institute for Research (SIR), … - 2002
. This event became the largest international default wave of sovereign debt in his-
tory, when essentially all of Latin … markets, we use a moving-windows tech-
nique to search for structural breaks in the bond price series. This is not an event … employed in several studies (e.g., Willard et al., 1996; Frey and Kucher, 2000, 2001).
The appropriate length of the time …