Does Governing Law Affect Bond Spreads?

Does Governing Law Affect Bond Spreads?

Controlling for bond and issuer characteristics, bond spreads are expected to be equal across different legal jurisdictions, and differences are expected to disappear through arbitrage. However, an analysis of 435 U.S. dollar–denominated bonds issu...

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Bibliographic Details
Main Authors: Ratha, Dilip, De, Supriyo, Kurlat, Sergio
Format: Working Paper
Language:English
en_US
Published: World Bank, Washington, DC 2016
Subjects:
bond spreads
development finance
emerging markets
sovereign ratings
governing law
investor protection
liquidity
Online Access:http://documents.worldbank.org/curated/en/2016/10/26868025/governing-law-affect-bond-spreads
http://hdl.handle.net/10986/25308

Internet

http://documents.worldbank.org/curated/en/2016/10/26868025/governing-law-affect-bond-spreads
http://hdl.handle.net/10986/25308

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