regime switching behaviour in the market. The object of empirical study is the US sovereign debt market. We use the Markov … behaviour in the market. This study is devoted to the question about how the asset price volatility affects the US sovereign … debt market. The efficient market hypothesis has been a base for the asset pricing. This hypothesis is discussed in this …

Sovereign debt restructurings may experience marginal changes as a result of recent modifications in contractual terms …

We show that an increase in banks' holdings of domestic Sovereign debt decreases the ability of domestic Sovereigns to … successfully enact bailouts. When Sovereigns finance bailouts with newly issued debt and the price of Sovereign debt is sensitive … to unanticipated debt issues, then bailouts dilute the value of banks' Sovereign debt holdings rendering bailouts less …

I investigate whether bank exposures to sovereign debt during the European debt crisis affected the real economy. I … show a shock to the marked-to-market (MTM) value of bank exposures to sovereign debt led to credit tightening in 2010 …

-contingent bonds allow for substantial welfare improvements relative to standard sovereign debt. For risk-averse consumers, the counter …

This paper examines the European sovereign debt crisis that began in 2009; it mostly considers Greece and then Italy …

Unresolved sovereign debt problems are hurting debtor nations, their citizens and their creditors, and also can pose … insufficient to make sovereign debt sustainable. Although a more systematic legal resolution framework is needed, a formal … sovereign debt contracts are governed by either New York or English law, it would be especially valuable if one or both of those …

interest of this study casts doubt on the role of sovereign debt towards the linkage between FDI and economic growth. To this …

This paper focuses on developments in the European Economic and Monetary Union sovereign debt markets in the past … Union before and after the sovereign debt crisis, by introducing the novel concept of correlation-based stable networks … the sovereign debt turmoil. The segmentation structure is clearly visualized, revealing the potential paths for crisis and …