Chirinko, Robert S.; Chiu, Ryan; Henderson, Shaina - 2019
discipline and restrict capital flows to Puerto Rico? Given gloomy macroeconomic fundamentals and relatively low risk premia … economic conditions in Puerto Rico, a fortunate characteristic of Puerto Rican bond issuance, and a "seismic shock." Regarding … the second feature, Puerto Rico issued both uninsured and insured general obligation bonds on the same day and, in many …