The Costs of Sovereign Default: Evidence from Argentina
The Costs of Sovereign Default: Evidence from Argentina
About this item
Full title
Author / Creator
Publisher
St. Louis: Federal Reserve Bank of St. Louis
Journal title
Language
English
Formats
Publication information
Publisher
St. Louis: Federal Reserve Bank of St. Louis
More information
Scope and Contents
Contents
We estimate the causal effect of sovereign default on the equity returns of Argentine firms. We identify this effect by exploiting changes in the probability of Argentine sovereign default induced by legal rulings in the case of Republic of Argentina v. NML Capital. We find that a 10% increase in the probability of default causes a 6% decline in th...
Alternative Titles
Full title
The Costs of Sovereign Default: Evidence from Argentina
Authors, Artists and Contributors
Author / Creator
Identifiers
Primary Identifiers
Record Identifier
TN_cdi_proquest_journals_1823248990
Permalink
https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_journals_1823248990
How to access this item
https://www.proquest.com/docview/1823248990?pq-origsite=primo&accountid=13902
