The Legacy and the Tyranny of Time: Exit and Re-Entry of Sovereigns to International Capital Markets
We use a continuous-time Weibull model (without and) with a change-point in duration dependence to investigate the duration of the exit and re-entry of sovereigns to international markets. We find that, as the reputation of debtor countries as good (bad) borrowers solidifies over time, those episode...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Blackwell Publishing Inc.
2018
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |