Emerging from the Asian crisis of the 1990s, a new bond market rises – UCLA Anderson Review

Emerging from the Asian crisis of the 1990s, a new bond market rises – UCLA Anderson Review

Risk of transfer of sovereign bonds in local currency from the issuer to the buyer How are investors compensated for the joint risk of credit default and currency devaluation of sovereign bonds, especially in a relatively new market? This is a challenge addressed in a working paper by Mikhail Chernov of UCLA Anderson, Drew Creal […]

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