Interpreting the Pari Passu Clause in Sovereign Bond Contracts: It's All Hebrew (and Aramaic) to Me
In: Capital Markets Law Journal, Forthcoming
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In: Capital Markets Law Journal, Forthcoming
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Working paper
In: FRB of Chicago Working Paper No. 2014-06
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Working paper
In: Sovereign Debt and the Financial Crisis, S. 295-315
In: American economic review, Band 95, Heft 2, S. 388-392
ISSN: 1944-7981
In: The journal of economic history, Band 64, Heft 4, S. 1151-1153
ISSN: 1471-6372
In: Economics Letters, Band 209
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In: NBER Working Paper No. w25793
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In: FRB of Philadelphia Working Paper No. 18-1
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Working paper
In: The Scandinavian Journal of Economics, Band 116, Heft 1, S. 87-127
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In: NBER Working Paper No. w18855
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Working paper
In: Oxford review of economic policy, Band 29, Heft 4, S. 649-667
ISSN: 1460-2121
The long history of sovereign debt and the associated enforcement problem have attracted researchers in many fields. In this paper, we survey empirical work by economists, historians, and political scientists. As we review the empirical literature, we emphasize parallel developments in the theory of sovereign debt. One major theme emerges. Although recent research has sought to balance theoretical and empirical considerations, there remains a gap between theories of sovereign debt and the data used to test them. We recommend a number of steps that researchers can take to improve the correspondence between theory and data.
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In: NBER Working Paper No. w17552
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In: NBER Working Paper No. w16632
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In: American economic review, Band 100, Heft 2, S. 68-72
ISSN: 1944-7981