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The claim that lawyers act as gatekeepers or certifiers in financial transactions is widely discussed in the legal … firms have replaced investment banks as the gatekeepers of the market for sovereign debt. We document a sea change in the …
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The claim that lawyers act as gatekeepers or certifiers in financial transactions is widely discussed in the legal … replaced investment banks as the gatekeepers of the market for sovereign debt. Our results suggest that hiring outside law …
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Our previous assessment of debt sustainability in developing Asia, conducted in 2011, found that the region's fiscal outlook was mostly benign. In this study we update the debt sustainability assessment, taking stock of the latest data and including a larger number of countries. With the benefit...
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