SOVEREIGN AND SUB SOVEREIGN DEFAULT RISK UNDER CURRENCY BOARDS: IS THERE A LINK IN A FEDERAL STATE? ARGENTINA 1997-2001

SOVEREIGN AND SUB SOVEREIGN DEFAULT RISK UNDER CURRENCY BOARDS: IS THERE A LINK IN A FEDERAL STATE? ARGENTINA 1997-2001

This paper aims to test whether the average sovereign bond spread was statistically different from the average provincial spread in Argentina during 1997-2001, that is if investors perceived that Argentina’s default risk being a federal country should have decoupled from provincial default risk or n...

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Bibliographic Details
Main Authors: Martín Grandes, Gerardo della Paolera
Format: Article
Language:Spanish
Published: Universidad de Buenos Aires, Facultad de Ciencias Económicas 2018-11-01
Series:Revista de Economía Política de Buenos Aires
Subjects:
sovereign debt
fiscal federalism
emerging economies
bond spreads
provincial debt
Online Access:https://ojs.econ.uba.ar/index.php/REPBA/article/view/1323

Internet

https://ojs.econ.uba.ar/index.php/REPBA/article/view/1323

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