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Odious debt in an imperfect world
Janus, Thorsten - In: Review of development economics 16 (2012) 2, pp. 305-317
Persistent link: https://www.econbiz.de/10009614395
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Sovereign default risk, overconfident investors and diverse beliefs : theory and evidence from a new dataset on outstanding credit default swaps
Janus, Thorsten; Jinjarak, Yothin; Manachaya Uruyos - In: Journal of financial stability 9 (2013) 3, pp. 330-336
Persistent link: https://www.econbiz.de/10010236709
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Sovereign default risk, overconfident investors and diverse beliefs: Theory and evidence from a new dataset on outstanding credit default swaps
Janus, Thorsten; Jinjarak, Yothin; Uruyos, Manachaya - In: Journal of Financial Stability 9 (2013) 3, pp. 330-336
In standard public finance theory a government's cost of borrowing depends on the common beliefs held by rational investors regarding default risk. We advance understanding of the effects of diverse beliefs and overconfidence among investors in their ability to assess the sovereign's...
Persistent link: https://www.econbiz.de/10010735822