Biglaiser, Glen; Lee, Hoon; Yoo, Seong Hun - In: Business and politics : B&P 27 (2025) 3, pp. 372-394
Research shows that foreign asset expropriation narrows long-term bond spreads, resulting in lower borrowing costs. However, no empirical studies have investigated the effects of expropriation on sovereign bond ratings. Bondholders and sovereign bond issuers track ratings by credit rating...