Showing 1 - 10 of 54
We analyze the price effect of the introduction of Collective Action Clauses (CACs) in newly issued sovereign bonds of Eurozone countries as of January 1, 2013. By allowing a majority of creditors to modify payment obligations, such clauses reduce the likelihood of holdouts while facilitating...
Persistent link: https://www.econbiz.de/10012855297
Persistent link: https://www.econbiz.de/10001298786
Persistent link: https://www.econbiz.de/10000965838
Persistent link: https://www.econbiz.de/10000666597
Persistent link: https://www.econbiz.de/10011288712
The extended period of limited growth experienced until recently in many European countries raises the issue as to which policies could be most effective in improving their economic performance. This paper argues that further financial sector reforms may be a valuable complement to ongoing...
Persistent link: https://www.econbiz.de/10011606224
Persistent link: https://www.econbiz.de/10001389137
Persistent link: https://www.econbiz.de/10001596264
Persistent link: https://www.econbiz.de/10001546743
Persistent link: https://www.econbiz.de/10001549330