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BEGIN:VEVENT
UID:a8a086a8c4971f6b5a1b25cf6ce018ef
CATEGORIES:Seminars
CREATED:20230605T061601
SUMMARY:Lunch Seminar: Manuel Amador - FED Minneapolis
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:<p>Sovereign swaps and sovereign default</p><p>Abstract:</p><p style="text-
 align: justify;">We study the effects of voluntary sovereign debt swaps usi
 ng a model of sovereign default that incorporates both fundamental and self
 -fulfilling default risk. We show that the response of bond prices across t
 he maturity profile to the announcement 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 assessed from the price responses. We illustrate
  the analysis using the Dominican Republic bond swap of December 2020.</p>
DTSTAMP:20260607T014749Z
DTSTART:20230619T130000Z
DTEND:20230619T140000Z
SEQUENCE:0
TRANSP:OPAQUE
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