Arslanalp, Serkan; Sunder-Plassmann, Laura - 2022
) not all crises are equal: evidence for repatriation during banking and currency crises is more limited; and (iii) the …We use a new, comprehensive data set on the sovereign debt investor base to document three novel empirical facts: (i …) sovereign debt is repatriated - that is, shifted from external private to domestic investors - prior to sovereign defaults; (ii …