I investigate the determinants of whether a fixed-price callable corporate bond is callable at par or at a premium. I first show that something as simple as the time-series ratio of par to premium-callable bonds is highly dependent on whether one is using SDC, FISD or Bloomberg as a data source....

Haiti, once the largest eighteenth-century economy in the Caribbean under French colonial rule, is now the poorest nation in the Western hemisphere and one of the poorest in the world. A broken financial system is partially to blame. We provide an in-depth examination of the state of financial...

The Spanish language creates a communication barrier with English speaking United States. Insular (Puerto Rican) politicians have resisted reform of Spanish (Peninsular) ancient regime business laws and associated colonial economic institutions. Colonial Spanish commercial civil code has allowed...

Common perception is that these bonds behave no differently than non-callable bonds due to call provision structure. However, make-whole callable bonds are almost twice as likely to be retired early as equivalent non-callable bonds. Analysis of which bonds/firms include make-whole call...