Sovereign Risk and Secondary Markets
---- Acknowledgments ----
We are grateful to Rui Albuquerque, Galina Hale, Jing Zhang, and seminar participants at the NBER Summer Institute, SED Meetings in Vancouver, Toulouse, IMF, SAIS, Princeton, Harvard, MIT, Chicago Fed, CREI and Univesitat Pompeu Fabra for their comments. We acknowledge financial support from the Spanish Ministry of Education and Sciences (grant SEJ2005-01126), the Generalitat de Catalunya (DURSI, SGR2005 0049), and from CREA-Barcelona Economics. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.