TY  - UNPD
A1  - Bradley, Michael
A1  - Cox, James D.
A1  - Gulati, Mitu
T1  - The market reaction to legal shocks and their antidotes : lessons from the sovereign debt market
T2  - Working paper series / Johann-Wolfgang-Goethe-Universität, Institute for Law and Finance ; 87
N2  - This Article examines the market reaction to a series of legal events concerning the judicial interpretation of the pari passu clause in sovereign debt instruments. More generally, the Article provides insights into the reactions of investors (predominantly financial institutions), issuers (sovereigns), and those who draft bond covenants (lawyers), to unanticipated changes in the judicial interpretation of certain covenant terms.
T3  - Working paper / Johann-Wolfgang-Goethe-Universität, Institut for Law and Finance - 87 
Y1  - 2008
UR  - http://publikationen.ub.uni-frankfurt.de/frontdoor/index/index/docId/5752
UR  - https://nbn-resolving.org/urn:nbn:de:hebis:30-57039
UR  - http://www.ilf-frankfurt.de/uploads/media/ILF_WP_087.pdf
PB  - Inst. for Law and Finance
CY  - Frankfurt am Main
ER  -