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The Costs of Sovereign Default : Evidence from the Stock Market

Andrade, Sandro C. - 2017

We use stock market data to test cross-sectional implications of theories of sovereign default and provide a market-based estimate of sovereign default costs. We find that the stock prices of firms vulnerable to financial intermediation disruption, or firms more exposed to the government, are...

Persistent link: https://www.econbiz.de/10012976299

Argentinien: Umfang und Ursachen der Staatsverschuldung und Probleme der Umschuldung

Jost, Christoph - In: KAS-Auslandsinformationen 19 (2003) 11, pp. 29-63

Persistent link: https://www.econbiz.de/10001838246

Sovereign Debt Litigation : Decoding NML Final Arguments against the Republic of Argentina and Why Litigating so Hard May Be Counter-Effective to Plaintiffs' Goals When the Default...

Bruno, Eugenio - 2013

This paper discusses the recent brief filed in the famous case NML v The Republic of Argentina which takes place before … Argentina to default. This paper also discusses the relationship between payment proposals by sovereigns in default and the … analyses them in lieu of Argentina's political and financial situation as well as certain contractual limitations that prevents …

Persistent link: https://www.econbiz.de/10013082900

Sovereign Debt after NML v. Argentina

Weidemaier, Mark C. - 2013

Capital v. Argentina has the potential to shatter this consensus. A panel of the US Court of Appeals for the Second Circuit … has approved a novel injunction, which requires Argentina to make full payment to holdouts who declined to participate in … NML v. Argentina. The case is important both for its interpretation of the pari passu clause — some version of which …

Persistent link: https://www.econbiz.de/10013088682