How Long to Read Sovereign Bond Prices, Haircuts and Maturity

How Long Does it Take to Read Sovereign Bond Prices, Haircuts and Maturity?

It takes the average reader and 38 minutes to read Sovereign Bond Prices, Haircuts and Maturity by Mr.Tamon Asonuma

Assuming a reading speed of 250 words per minute. Learn more

Description

Rejecting a common assumption in the sovereign debt literature, we document that creditor losses (“haircuts”) during sovereign restructuring episodes are asymmetric across debt instruments. We code a comprehensive dataset on instrument-specific haircuts for 28 debt restructurings with private creditors in 1999–2015 and find that haircuts on shorter-term debt are larger than those on debt of longer maturity. In a standard asset pricing model, we show that increasing short-run default risk in the run-up to a restructuring episode can explain the stylized fact. The data confirms the predicted relation between perceived default risk, bond prices, and haircuts by maturity.

How long is Sovereign Bond Prices, Haircuts and Maturity?

Sovereign Bond Prices, Haircuts and Maturity by Mr.Tamon Asonuma is 37 pages long, and a total of 9,509 words.

This makes it 12% the length of the average book. It also has 12% more words than the average book.

How Long Does it Take to Read Sovereign Bond Prices, Haircuts and Maturity Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 51 minutes to read Sovereign Bond Prices, Haircuts and Maturity aloud.

What Reading Level is Sovereign Bond Prices, Haircuts and Maturity?

Sovereign Bond Prices, Haircuts and Maturity is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Sovereign Bond Prices, Haircuts and Maturity?

Sovereign Bond Prices, Haircuts and Maturity by Mr.Tamon Asonuma is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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