Browsing by Author "Goderis, Benedikt"

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  • Credit derivatives and sovereign debt 

    Goderis, Benedikt; Wagner, Wolf (CFAP, Cambridge Judge Business School, University of Cambridge, 2005-10)
    We study the introduction of credit protection on sovereign debt. We find that such protection reduces debtor moral hazard by allowing a bonghokder to improve his position in negotiations with the sovereign. Moreover, ...