Do Enhanced Collective Action Clauses Affect Sovereign Borrowing Costs? /
This paper analyzes the effects of including collective action clauses (CACs) and enhanced CACs in international (nondomestic law-governed) sovereign bonds on sovereigns' borrowing costs, using secondary-market bond yield spreads. Our findings indicate that inclusion of enhanced CACs, introduce...
| Autor principal: | |
|---|---|
| Otros Autores: | |
| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2020.
|
| Colección: | IMF Working Papers; Working Paper ;
No. 2020/162 |
| Acceso en línea: | Full text available on IMF |