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BEGIN:VEVENT
UID:a8a086a8c4971f6b5a1b25cf6ce018ef
CATEGORIES:Seminars
CREATED:20230605T061601
SUMMARY:Lunch Seminar: Manuel Amador - FED Minneapolis
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:\n\nSovereign swaps and sovereign default\n\n\nAbstract:\nWe study the effe
 cts of voluntary sovereign debt swaps using a model of sovereign default th
 at incorporates both fundamental and self-fulfilling default risk. We show 
 that the response of bond prices across the maturity profile to the announc
 ement of a swap is informative about the presence of self-fulfilling risk. 
 Whether or not the swap is beneficial to the government can also be assesse
 d from the price responses. We illustrate the analysis using the Dominican 
 Republic bond swap of December 2020.\n
DTSTAMP:20260607T002257Z
DTSTART:20230619T130000Z
DTEND:20230619T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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