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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Bibliographic Details
Main Author: Hébert, Benjamin
Other Authors: Schreger, Jesse
Format: eBook
Language:English
Published: Boston, Mass. : Harvard University. Harvard Business School, 2015
Subjects:
Online Access:http://scholar.harvard.edu/files/bhebert/files/hebert_schreger_april15_2015.pdf?m=1431118905