MARC details
| 000 -LEADER |
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| fixed length control field |
03598cam a2200553Ki 4500 |
| 001 - CONTROL NUMBER |
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| control field |
ocn989815577 |
| 003 - CONTROL NUMBER IDENTIFIER |
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| control field |
OCoLC |
| 005 - DATE AND TIME OF LATEST TRANSACTION |
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| control field |
20240829102440.0 |
| 006 - FIXED-LENGTH DATA ELEMENTS--ADDITIONAL MATERIAL CHARACTERISTICS |
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| fixed length control field |
m d |
| 007 - PHYSICAL DESCRIPTION FIXED FIELD--GENERAL INFORMATION |
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| fixed length control field |
cr |n|---||||| |
| 008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION |
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| fixed length control field |
170610s2017 dcu o 000 0 eng d |
| 040 ## - CATALOGING SOURCE |
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| Original cataloging agency |
EBLCP |
| Language of cataloging |
eng |
| Description conventions |
pn |
| Transcribing agency |
EBLCP |
| Modifying agency |
YDX |
| -- |
CUY |
| -- |
MERUC |
| -- |
OCLCQ |
| -- |
WRM |
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CEF |
| -- |
OTZ |
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N$T |
| 019 ## - |
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| -- |
989027407 |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
9781484301227 |
| Qualifying information |
(electronic bk.) |
| 020 ## - INTERNATIONAL STANDARD BOOK NUMBER |
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| International Standard Book Number |
1484301226 |
| Qualifying information |
(electronic bk.) |
| 035 ## - SYSTEM CONTROL NUMBER |
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| System control number |
1529324 |
| -- |
(N$T) |
| 035 ## - SYSTEM CONTROL NUMBER |
|---|
| System control number |
(OCoLC)989815577 |
| Canceled/invalid control number |
(OCoLC)989027407 |
| 050 #4 - LIBRARY OF CONGRESS CALL NUMBER |
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| Classification number |
HG3891.5 |
| 072 #7 - SUBJECT CATEGORY CODE |
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| Subject category code |
BUS |
| Subject category code subdivision |
051000 |
| Source |
bisacsh |
| 082 04 - DEWEY DECIMAL CLASSIFICATION NUMBER |
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| Classification number |
336.3435 |
| Edition number |
23 |
| 049 ## - LOCAL HOLDINGS (OCLC) |
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| Holding library |
MAIN |
| 100 1# - MAIN ENTRY--PERSONAL NAME |
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| Personal name |
Asonuma, Tamon, |
| Relator term |
author. |
| 9 (RLIN) |
688669 |
| 245 10 - TITLE STATEMENT |
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| Title |
Sovereign Bond Prices, Haircuts and Maturity / |
| Statement of responsibility, etc. |
by Tamon Asonuma, Dirk Niepelt and Romain Ranciere. |
| 260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT) |
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| Place of publication, distribution, etc. |
Washington, D.C. : |
| Name of publisher, distributor, etc. |
International Monetary Fund, |
| Date of publication, distribution, etc. |
2017. |
| 300 ## - PHYSICAL DESCRIPTION |
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| Extent |
1 online resource (38 pages) |
| 336 ## - CONTENT TYPE |
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| Content type term |
text |
| Content type code |
txt |
| Source |
rdacontent |
| 337 ## - MEDIA TYPE |
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| Media type term |
computer |
| Media type code |
c |
| Source |
rdamedia |
| 338 ## - CARRIER TYPE |
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| Carrier type term |
online resource |
| Carrier type code |
cr |
| Source |
rdacarrier |
| 490 1# - SERIES STATEMENT |
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| Series statement |
IMF working paper ; |
| Volume/sequential designation |
WP/17/119 |
| 588 0# - SOURCE OF DESCRIPTION NOTE |
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| Source of description note |
Print version record. |
| 505 0# - FORMATTED CONTENTS NOTE |
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| Formatted contents note |
Cover; Contents; I. Introduction; II. Haircuts; A. Haircut Measures; B. Data; III. New Stylized Facts; A. Haircuts; B. Bond Prices; IV. The Model; A. Setup; B. First Result; C. Second Result; D. Interpretation; V. Default Probability Term Structure; VI. Conclusion; References; Figures; 1. SZ Recovery and Maturity; 2. Exchange Recovery and Maturity; 3. Bond Price Differentials; 4. Default Probability Term Structure; Tables; 1. Scope of Dataset; 2. Cross-sectional Regression Results; 3. Panel Regression Results; 4. Panel Regression Results; Appendices; I. Dataset: Selected Recent Restructurings. |
| 505 8# - FORMATTED CONTENTS NOTE |
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| Formatted contents note |
II. Haircuts / Recovery RatesIII. SZ Haircuts Robustness Check; IV. Bond Prices; V. Estimation of Term Structure of Default Risk; VI. Default Probability Term Structure. |
| 520 3# - SUMMARY, ETC. |
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| Summary, etc. |
Rejecting a common assumption in the sovereign debt literature, we document that creditor losses ("haircuts") during sovereign restructuring episodes are asymmetric across debt instruments. We code a comprehensive dataset on instrument-specific haircuts for 28 debt restructurings with private creditors in 1999-2015 and find that haircuts on shorter-term debt are larger than those on debt of longer maturity. In a standard asset pricing model, we show that increasing short-run default risk in the run-up to a restructuring episode can explain the stylized fact. The data confirms the predicted relation between perceived default risk, bond prices, and haircuts by maturity. |
| 590 ## - LOCAL NOTE (RLIN) |
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| Local note |
Master record variable field(s) change: 050, 072, 082 |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
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| Topical term or geographic name as entry element |
Debt relief |
| General subdivision |
Econometric models. |
| 9 (RLIN) |
860906 |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Debts, Public |
| General subdivision |
Econometric models. |
| 9 (RLIN) |
642695 |
| 650 #0 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
Government securities |
| General subdivision |
Prices |
| -- |
Econometric models. |
| 9 (RLIN) |
860907 |
| 650 #7 - SUBJECT ADDED ENTRY--TOPICAL TERM |
|---|
| Topical term or geographic name as entry element |
BUSINESS & ECONOMICS / Public Finance. |
| Source of heading or term |
bisacsh |
| 9 (RLIN) |
785076 |
| 655 #4 - INDEX TERM--GENRE/FORM |
|---|
| Genre/form data or focus term |
Electronic books. |
| 9 (RLIN) |
396 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Niepelt, Dirk, |
| Relator term |
author. |
| 9 (RLIN) |
860908 |
| 700 1# - ADDED ENTRY--PERSONAL NAME |
|---|
| Personal name |
Ranciere, Romain, |
| Relator term |
author. |
| 9 (RLIN) |
860909 |
| 776 08 - ADDITIONAL PHYSICAL FORM ENTRY |
|---|
| Relationship information |
Print version: |
| Main entry heading |
Asonuma, Tamon. |
| Title |
Sovereign Bond Prices, Haircuts and Maturity. |
| Place, publisher, and date of publication |
Washington, D.C. : International Monetary Fund, ©2017 |
| International Standard Book Number |
9781484301098 |
| 830 #0 - SERIES ADDED ENTRY--UNIFORM TITLE |
|---|
| Uniform title |
IMF working paper ; |
| Volume number/sequential designation |
WP/17/119. |
| 856 40 - ELECTRONIC LOCATION AND ACCESS |
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| Materials specified |
EBSCOhost |
| Uniform Resource Identifier |
<a href="https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1529324">https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1529324</a> |
| 938 ## - |
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EBL - Ebook Library |
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EBLB |
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EBL4869520 |
| 938 ## - |
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YBP Library Services |
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YANK |
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14543817 |
| 938 ## - |
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EBSCOhost |
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EBSC |
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1529324 |
| 994 ## - |
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92 |
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N$T |