Do Enhanced Collective Action Clauses Affect Sovereign Borrowing Costs?
This paper analyzes the effects of including collective action clauses (CACs) and enhanced CACs in international (nondomestic law-governed) sovereign bonds on sovereigns’ borrowing costs, using secondary-market bond yield spreads. Our findings indicate that inclusion of enhanced CACs, introduced...
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| Автори: | , |
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| Формат: | Artigo |
| Мова: | Inglês |
| Опубліковано: |
University of Warsaw
2021-10-01
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| Серія: | Journal of Banking and Financial Economics |
| Предмети: | |
| Онлайн доступ: | https://press.wz.uw.edu.pl/cgi/viewcontent.cgi?article=1031&context=jbfe |
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