Sovereign vs. Corporate Debt and Default: More Similar Than You Think
Analysis of 20 years of US junk bonds and emerging market sovereign debt reveals surprisingly similar average returns, Sharpe ratios, default frequencies, and haircuts across the two asset classes.
Featured in No. 132 on 25 Sep 2026 · 7 days after release
- Released
- 18 Sep 2026
- First featured
- No. 132 · 25 Sep 2026
- Published in
- Not yet, as far as Semantic Scholar knows
- Fanfare
- 2 of 5
- Identifier
- RePEc:cpr:ceprdp:20100
- Authors
- Gita Gopinath et al.
Citations and venue from Semantic Scholar (ODC-BY), refreshed weekly. Summary: Quant Letter (CC BY 4.0).