Following Waterloo, managing French public finances represented a daunting task. Defeated France had lost a substantial … part of its population and territory. The country was partially occupied and France was to pay huge amounts as reparations … to the victors. Furthermore, France's reputation had been tarnished by several defaults on its debt in the preceding …

case of default. …

extensions upon restructurings: income recovery after default, credit exclusion after restructuring, and regulatory costs of book …

productivity. A quantitative model of news and sovereign debt default with endogenous maturity choice generates impulse responses …-term debt does not shield the country from bad news shocks, and it may even exacerbate default risk. Finally, an increase in the …

foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering 91 … to compensate for risk. Real ex-post returns averaged 7% annually across two centuries, including default episodes, major … and with the degree of credit risk in this market, as measured by historical default and recovery rates. Based on our …

find that policy-induced exogenous increases in US rates raise default risk in emerging market economies, as hypothesised … real interest rates and reduce the risk of default dominate the hypothesised relationship. We can only conclude that it …

foreign-currency government bonds traded in London and New York between 1815 (the Battle of Waterloo) and 2016, covering 91 … to compensate for risk. Real ex-post returns averaged 7% annually across two centuries, including default episodes, major … and with the degree of credit risk in this market, as measured by historical default and recovery rates. Based on our …