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Interwar Romanian sovereign bonds: the impact of diplomacy, politics and the economy

Sovereign debts differ from other financial instruments because repayment ultimately depends on the issuers' willingness to pay. In turn, willingness to pay may be influenced by political, diplomatic or economic considerations. Based on an original database of Romanian bonds traded in Paris, this article shows that international diplomacy played an important role in the Romanian debt valuation.
Year of publication:
2012
Authors: Oosterlinck, Kim ; Ureche-Rangau, Loredana
Published in:
Financial History Review. - Cambridge University Press. - Vol. 19.2012, 02, p. 219-244
Publisher: Cambridge University Press
Description of contents: Abstract [journals.cambridge.org]
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Type of publication: Article
Source:
Persistent link: https://www.econbiz.de/10011120494
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