This paper shows that geographical investor heterogeneity strongly influences sovereign risk. While standard sovereign debt models mainly attribute the absence of sovereign defaults to foreign creditor retaliation, a new theoretical literature argues that domestic creditors also affect borrowing...

The gender wage gap in Thailand is much less significant than in most countries in the world. The average hourly wage among female workers, in fact, slightly surpasses that of males. This highly equitable gender wage pattern is seen at all levels of the wage distribution. Female representation...