perceived default risk, bond prices, and haircuts by maturity … than those on debt of longer maturity. In a standard asset pricing model, we show that increasing short-run default risk in …

between perceived restructuring risk, bond prices, and haircuts by maturity … than those on debt of longer maturity. In a standard asset pricing model, we show that increasing short-run restructuring …

We document that creditor losses ("haircuts") during sovereign debt restructurings vary across debt maturity. In our …

perceived default risk, bond prices, and haircuts by maturity … than those on debt of longer maturity. In a standard asset pricing model, we show that increasing short-run default risk in …

perceived default risk, bond prices, and haircuts by maturity … than those on debt of longer maturity. In a standard asset pricing model, we show that increasing short-run default risk in …

perceived default risk, bond prices, and haircuts by maturity. … than those on debt of longer maturity. In a standard asset pricing model, we show that increasing short-run default risk in …

It is widely believed that local currency bond markets (LCBMs) can promote financial stability in developing countries …. For instance, they can help mitigate the currency and maturity mismatch that contributed to the outbreak of the Asian …

to honor longer maturity bonds. Finally, we find a positive relation between maturity and the bond’s S&P rating for the … maturity in the sovereign debt market. Our primary finding is that the maturities of bonds that carry a meaningful degree of … subsample of LG bonds. The higher the bond’s rating, the greater the commitment that the sovereign will repay the debt. Thus, we …

Can debt moratoria help countries weather negative shocks? We study the bond market effects of an official debt service … suspension endorsed by the international community during the Covid-19 pandemic. Using daily data on sovereign bond spreads and …