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Eurobonds : a quantitative analysis of joint-liability debt

Tsiropoulos, Vasileios - 2019

This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...

Persistent link: https://www.econbiz.de/10012114435

Sovereign default and maturity choice

Sanchez, Juan M.; Sapriza, Horacio; Yurdagul, Emircan - In: Journal of monetary economics 95 (2018), pp. 72-85

Persistent link: https://www.econbiz.de/10012108850

Dollar borrowing, firm credit risk, and FX-hedged funding opportunities

Gálvez, Julio; Gambacorta, Leonardo; Mayordomo, Sergio; … - In: The journal of corporate finance : contracting, … 68 (2021), pp. 1-21

Persistent link: https://www.econbiz.de/10012585788

Information imprecision

Ball, Ryan T.; Cuny, Christine - In: The accounting review : a publication of the American … 96 (2021) 2, pp. 33-53

Persistent link: https://www.econbiz.de/10012508172

Unsolicited versus solicited : credit ratings and bond yields

Han, Seung Hun; Moore, William Theodore; Shin, Yoon S.; … - In: Journal of financial services research : JFSR 43 (2013) 3, pp. 293-319

Persistent link: https://www.econbiz.de/10009758096

Why do firms issue hybrid bonds?

Bierey, Martin; Schmidt, Martin; Tokarski, Mateusz - In: The European accounting review 33 (2024) 5, pp. 1747-1785

Persistent link: https://www.econbiz.de/10015197142

Portfolio optimization of credit risky bonds : a semi-Markov process approach

Pasricha, Puneet; Selvamuthu, Dharmaraja; D'Amico, Guglielmo - In: Financial innovation : FIN 6 (2020) 25, pp. 1-14

bonds. The criteria to optimize the credit portfolio is based on l∞-norm risk measure and the proposed optimization model is … formulated as a linear programming problem. The input parameters to the optimization model are rate of returns of bonds which are … obtained using credit ratings assuming that credit ratings of bonds follow a semi-Markov process. Modeling credit ratings by …

Persistent link: https://www.econbiz.de/10012268914