LEADER 00000cam a2200697Ki 4500 
001    ocn989815577 
003    OCoLC 
005    20181019033947.4 
006    m     o  d         
007    cr |n|---||||| 
008    170610s2017    dcu     o     000 0 eng d 
019    989027407|a1056574925 
020    9781484301227|q(electronic book) 
020    1484301226|q(electronic book) 
020    1484301099 
020    9781484301098 
022    1018-5941 
024 7  10.5089/9781484301098.001|2doi 
035    (OCoLC)989815577|z(OCoLC)989027407|z(OCoLC)1056574925 
040    EBLCP|beng|epn|cEBLCP|dYDX|dCUY|dMERUC|dOCLCQ|dWRM|dCEF
       |dOTZ|dN$T 
049    RIDW 
050  4 HG3891.5 
072  7 BUS|x051000|2bisacsh 
082 04 336.3435|223 
090    HG3891.5 
100 1  Asonuma, Tamon,|0https://id.loc.gov/authorities/names/
       no2012076657|eauthor. 
245 10 Sovereign Bond Prices, Haircuts and Maturity /|cby Tamon 
       Asonuma, Dirk Niepelt and Romain Ranciere. 
264  1 Washington, D.C. :|bInternational Monetary Fund,|c2017. 
300    1 online resource (38 pages). 
336    text|btxt|2rdacontent 
337    computer|bc|2rdamedia 
338    online resource|bcr|2rdacarrier 
347    data file|2rda 
490 1  IMF working paper ;|vWP/17/119 
505 0  Cover; Contents; I. Introduction; II. Haircuts; A. Haircut
       Measures; B. Data; III. New Stylized Facts; A. Haircuts; 
       B. Bond Prices; IV. The Model; A. Setup; B. First Result; 
       C. Second Result; D. Interpretation; V. Default 
       Probability Term Structure; VI. Conclusion; References; 
       Figures; 1. SZ Recovery and Maturity; 2. Exchange Recovery
       and Maturity; 3. Bond Price Differentials; 4. Default 
       Probability Term Structure; Tables; 1. Scope of Dataset; 
       2. Cross-sectional Regression Results; 3. Panel Regression
       Results; 4. Panel Regression Results; Appendices; I. 
       Dataset: Selected Recent Restructurings. 
505 8  II. Haircuts / Recovery RatesIII. SZ Haircuts Robustness 
       Check; IV. Bond Prices; V. Estimation of Term Structure of
       Default Risk; VI. Default Probability Term Structure. 
520 3  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. 
588 0  Print version record. 
590    eBooks on EBSCOhost|bEBSCO eBook Subscription Academic 
       Collection - North America 
650  0 Debt relief|0https://id.loc.gov/authorities/subjects/
       sh85036133|xEconometric models.|0https://id.loc.gov/
       authorities/subjects/sh99005483 
650  0 Debts, Public|0https://id.loc.gov/authorities/subjects/
       sh85036141|xEconometric models.|0https://id.loc.gov/
       authorities/subjects/sh99005483 
650  0 Government securities|0https://id.loc.gov/authorities/
       subjects/sh85056106|xPrices|0https://id.loc.gov/
       authorities/subjects/sh2002006518|xEconometric models.
       |0https://id.loc.gov/authorities/subjects/sh99005483 
650  7 Debt relief|xEconometric models.|2fast|0https://
       id.worldcat.org/fast/888794 
650  7 Debt relief.|2fast|0https://id.worldcat.org/fast/888793 
650  7 Debts, Public|xEconometric models.|2fast|0https://
       id.worldcat.org/fast/888859 
650  7 Debts, Public.|2fast|0https://id.worldcat.org/fast/888850 
650  7 Government securities|xPrices.|2fast|0https://
       id.worldcat.org/fast/945608 
650  7 Econometric models.|2fast|0https://id.worldcat.org/fast/
       901567 
650  7 Government securities.|2fast|0https://id.worldcat.org/fast
       /945597 
655  4 Electronic books. 
700 1  Niepelt, Dirk,|eauthor. 
700 1  Ranciere, Romain,|0https://id.loc.gov/authorities/names/
       no2004019298|eauthor. 
776 08 |iPrint version:|aAsonuma, Tamon.|tSovereign Bond Prices, 
       Haircuts and Maturity.|dWashington, D.C. : International 
       Monetary Fund, ©2017|z9781484301098 
830  0 IMF working paper ;|0https://id.loc.gov/authorities/names/
       no89010263|vWP/17/119. 
856 40 |uhttps://rider.idm.oclc.org/login?url=http://
       search.ebscohost.com/login.aspx?direct=true&scope=site&
       db=nlebk&AN=1529324|zOnline eBook. Access restricted to 
       current Rider University students, faculty, and staff. 
856 42 |3Instructions for reading/downloading the EBSCO version 
       of this eBook|uhttp://guides.rider.edu/ebooks/ebsco 
901    MARCIVE 20231220 
948    |d2081105|cEBSCO|tEBSCOebooksacademic NEW 10-19-18 1324 
       |lridw 
994    92|bRID