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Part 2B: More on Historic Sovereign Default Research

Part 2B: More on Historic Sovereign Default Research

CR Note: This series is from reader "some investor guy". Part 2B is in response to some questions in the comments. A number of posters mentioned research which was originally part of later sections in the series. I’ve moved some of this research to this ubernerd post. Some researchers, especially Reinhart and Rogoff, assert that “this time is not different”, and that rather similar things occur before and after defaults throughout the world and over a period of many centuries. Politicians might or might not know the history. However, one wonders to what extent bond traders and CDS market participants agree with the academics. [...]