Tài liệu Default and the Maturity Structure in Sovereign Bonds∗ docx

... periodforw ard in ( 8) incorporates the option t o default in the future. The default po licy can be c hara cterized by default sets and repayment sets. Let the repa yment set, R(bS,bL), be the set ... between these two benefits is qua ntitativelyimportan t for understanding the maturity composition in emerging ma rkets. W hen calibratedto data from Brazil, the model matches the dynamics in the maturity ... Nicolini (2004) in their m odels of the optima l ma tu rity structure of debt with incomplete markets. The difference in our model is that the variation in bond prices comes from the government’s inability...

... to HIV. In Latin America, there have been recent declines in the percent marrying by 18 in 6 of the 9 countries with data and recent rises in the percent having premarital sex in 3 of the 9 countries. ... marrying, having premarital sex by age 18, and having sex by 18 for young women living in 41 countries in 12 Africa (27), Asia (5) and Latin America (9) participating in the DHS in the 1990s.9 ... result from the competing influences of delays in the age of marriage and a rise in the percent initiating sex outside marriage. In Table 2, we show trends over the past twenty years in the percent...

... The Price Factor in the Redemption of Land 99B now applies to the king, who vindicates (ibqir) the land and hands itover to B. The text continues:III. 3-14 And the king ... 17, involving the pledge of a person, does not includeinterest in the redemption clause.110 Property and the Family in Biblical Lawacquired at the price of the loan and therefore ... hypothesis emerges as the most likely possibility in the cuneiform sources as in the Bible, but as in the latter, the very paucityof information on the point is its most striking...