Alessandro, Mauro; Sandleris, Guido; Ghote, Alejandro … - Escuela de Negocios, Universidad Torcuato Di Tella - 2011
Following a sovereign default, governments are usually unable to borrow from international credit markets for some time. The period of "exclusion" has varied from more than twenty years following some default events to less than a year in others. Using a unique dataset on sovereign bond...