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This paper develops a framework to estimate implied recovery values and risk-neutral default probability term-structures from sovereign bond prices. The model is applied to Greek bonds during the European debt crisis of 2010. In April and May 2010, the probability of a Greek default quickly...
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The rapid expansion of sharing economy platforms has generated enormous controversy. Law and the "Sharing Economy" closely examines the challenges that arise from this phenomenon with regard to labour, market, technology and regulation through a legal and interdisciplinary lens. The controversy...
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Greek’s government debt based on Greece meeting certain targets for structural economic reforms in areas such as its labor … market and pensions sector.The authors argue that the position of the European institutions that debt relief for Greece … cannot be part of an agreement is based on the illusion that Greece will be able to service its sovereign debt and reduce its …
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