Are contract terms priced? We ask this question in the context of the Euro CAC initiative which prescribes newly issued sovereign bonds of Eurozone countries to include Collective Action Clauses (CACs) starting from January 1, 2013.
Evaluating the 2013 Euro CAC experiment
Carletti, Elena;Colla, Paolo;
2015
Abstract
Are contract terms priced? We ask this question in the context of the Euro CAC initiative which prescribes newly issued sovereign bonds of Eurozone countries to include Collective Action Clauses (CACs) starting from January 1, 2013.
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