bond markets
How Do Cultural Stereotypes Spread Through Multinational Banks?
In new research, Barry Eichengreen and Orkun Saka find that trust, shaped by cultural stereotypes, partially determines how multilateral banks decide which countries’ sovereign...
Racism Drives Higher Costs for Historically Black Colleges in Bond Markets
Why do historically black colleges and universities pay more to raise capital? New research argues that investors’ racial preferences appear to influence their willingness...
How the Triple Tax Exemption on Puerto Rico’s Bonds Financed Its Territorial Status—and Helped Spark Its Debt Crisis
How did Puerto Rico manage to incur a monumental debt of $72 billion without raising red flags among the sophisticated investors who continuously bought...
