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 … 59 developing countries from 1996 to 2016, we find that expropriation signals lower bond repayment, as asset confiscation …