Plausibly Exogenous [896] - Restructuring (07/13/2022)
LHS Variable
Bond yields
RHS Variable
Ease of restructuring debt
Source of Exogenous Variation
Court ruling that made one class of bonds easier to restructure
- Donaldson, Kremens, and Piacentino (2022), “Sovereign Bond Restructuring: Commitment vs. Flexibility”