 | The Role of State-Contingent Debt Instruments in Sovereign Debt Restructurings Author/Editor: Charles Cohen, S M Ali Abbas, Myrvin Anthony, Tom Best, Peter Breuer, Hui Miao, Alla Myrvoda, Eriko Togo. Release Date:November, 2020 The COVID-19 crisis may lead to a series of costly and inefficient sovereign debt restructurings. Any such restructurings will likely take place during a period of great economic uncertainty, which more...
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 | Who Drains Bond Market Liquidity in an Emerging Market? Author/Editor: Ricardo Hoyos, Yang Liu, Hui Miao, Christian Saborowski. Release Date:July, 2020 This paper examines the drivers of liquidity shortages in the Mexican government bond market. We use unique transaction- and quote level data with information on end-investors to construct an index more...
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