Sovereign Debt Market
Mostrando 1-12 de 14 artigos, teses e dissertações.
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1. El discurso de la gobernanza como legitimador de las elites financieras en el campo de las reestructuraciones de deuda soberana
Abstract The legitimacy of the construction processes of norms of global scope is a key element in order to disseminate and enforce them. In this context, the promoters of the new ICMA clauses models, in use of the governance discourse, made an extended effort to present their emergence as the result of an open, inclusive and horizontally cooperative politic
Rev. Direito Práx.. Publicado em: 16/09/2019
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2. ¿Gobernanza financiera?: comparación de las matrices políticas de las que emergieron las CACs 2003 y 2014
Resumo O discurso da governança fomenta a produção de modalidades regulatórias de alcance global por meio de lógicas diferentes daquelas do mercado e do Estado. Os promotores dos modelos de Cláusulas de Ação Coletivas (CACs) de 2014 indicaram que a matriz política que projetou tais modelos foi construída em grande medida com base na experiência de
Rev. direito GV. Publicado em: 23/05/2019
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3. Where do they speak from? Positions about the new IMF contractual proposal for ordering sovereign debt restructurings
Abstract The Sovereign Debt Restructuring (SDR) debate is at the center of the global economic political agenda. In 2014, the IMF issued a new contractual proposal –as an integral part of a set of reforms– to organize these processes but remained outside of the discussions that promoted the creation of an SDR statutory mechanism at the UN, something whi
Rev. Direito Práx.. Publicado em: 2019-03
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4. US real interest rates and default risk in emerging economies
This paper empirically investigates the impact of changes in US real interest rates on sovereign default risk in emerging economies using the method of identification through heteroskedasticity. Policy-induced increases in US interest rates starkly raise default risk in emerging market economies. However, the overall correlation between US real interest rate
Publicado em: 12/09/2012
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5. EDF and the Brazilian Power Sector
Electricité de France (EDF) is a leading player in the European energy market by being both the first electricity producer in Europe and the world’s leading nuclear plant operator. EDF is also the first electricity producer and supplier in France. However, Europe, EDF’s core market, is currently underperforming: the European sovereign debt crisis is low
Publicado em: 09/05/2012
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6. US real interest rates and default risk in emerging economies
This paper empirically investigates the impact of changes in US real interest rates on sovereign default risk in emerging economies using the method of identification through heteroskedasticity. Policy-induced increases in US interest rates starkly raise default risk in emerging market economies. However, the overall correlation between US real interest rate
Publicado em: 04/08/2011
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7. Reformas na arquitetura financeira internacional : novidades no "front"?
A instabilidade nos mercados financeiros internacionais determinou a emergência de novas frentes no debate sobre arquitetura financeira internacional. Uma destas frentes é problema da reestruturação de dividas soberanas. Há, pelo menos, duas perspectivas distintas: a visão market-oriented enfatiza a manutenção da autonomia dos contratos entre os part
Publicado em: 2010
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8. INFORMATIONAL SPILLOVERS NO MERCADO LONDRINO DE DÍVIDA SOBERANA PRÉ-1914 / INFORMATIONAL SPILLOVERS IN THE PRE-1914 LONDON SOVEREIGN DEBT MARKET
In this research I document a novel type of international financial contagion, whose driving force is shared financial intermediary. I study the London peripheral sovereign debt market the pre-1914 period, in which, given the absence of international monitoring agencies and substantial agency costs, financial intermediation played a major informational role
Publicado em: 2007
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9. Causality and cointegration in the Latin America sovereign debt risk market / Causalidade e cointegraçãp do risco de crédito soberano na América Latina
O objetivo dessa dissertação é estudar as relações entre os riscos de crédito soberano dos diversos países da América Latina. Tendo o Brasil como pivô, este estudo é realizado com base no mercado de credit Default Swaps. Os resultados mostram que o Brasil é cointegrado com o México e o Panamá, mas não apresenta relação de longo prazo com a Co
Publicado em: 2007
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10. THE ROLE OF NORMS IN THE INTERNATIONAL CAPITAL MARKETS AND THE SOVEREIGN DEBT RESTRUCTURING MECHANISM / O PAPEL DAS NORMAS NO MERCADO DE CAPITAIS INTERNACIONAL E O MECANISMO DE REESTRUTURAÇÃO DE DÍVIDA SOBERANA
This dissertation analyzes the proposal for the creation of a mechanism for restructuring sovereign debt of countries with unsustainable debt burdens, presented in the end of 2001 by Anne Krueger, deputy manager director of the International Monetary Fund. Using Friedrich Kratochwil´s rule-based constructivism as its theoretical framework, this dissertation
Publicado em: 2006
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11. TRÊS ENSAIOS SOBRE A METODOLOGIA DE APREÇAMENTO DE ATIVOS UTILIZANDO OPÇÕES REAIS / THREE ESSAYS ON ASSET PRICING APPLYING REAL OPTIONS METHODOLOGY
The dissertation presents three economic essays examining situations where the real options approach can be useful in the definition of regulatory policies, investment strategies and pricing of sovereign risk. The first essay considers the new regulation oriented to interconnection costs of telecommunications networks and proposes adjustments in calculating
Publicado em: 2006
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12. Prêmio sobre o risco (risk premium) dos títulos soberanos e política fiscal discricionária vs. regras de política fiscal para um país em desenvolvimento: o caso do Brasil / Risk Premium on Sovereign Bonds and Budgetary Discretion vs. Rules for a Developing Country: the Case of Brazil
Given the current stabilization policies, the Brazilian economy gives a vivid example of the impact of several factors, such as the degree of institutionalization of the budgetary and monetary policies that are followed since the implementation of the Real Plan, on its policy-credibility and, as such, on the market s perception of the default risk on its ext
Publicado em: 24/11/2005