The costs of sovereign default evidence from Argentina

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. Because the legal rulings affecte...

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Found in: Cs. Económicas
Main Author: Hébert, Benjamin
Other Authors: Schreger, Jesse
Format: Electronic
Language: English
Published: Boston, Mass. : Harvard University. Harvard Business School, 2015
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