Sovereign risk and armed conflict: An event-study for Colombia

We study the causal effect of recent landmark events of the Colombian armed conflict on the foreign perception of sovereign risk, as measured by the price of the Credit Default Swap (CDS) of Colombian bonds. We construct a Synthetic Control Group to use as the non-conflict counterfactual of the Colo...

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Fecha de publicación:: 2012

Institución:: Universidad del Rosario

Repositorio:: Repositorio EdocUR - U. Rosario

Idioma:: eng

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spelling	797e15ee-3f51-49c8-9f1b-b1e61db4a930799502236002020-05-26T00:05:53Z2020-05-26T00:05:53Z2012We study the causal effect of recent landmark events of the Colombian armed conflict on the foreign perception of sovereign risk, as measured by the price of the Credit Default Swap (CDS) of Colombian bonds. We construct a Synthetic Control Group to use as the non-conflict counterfactual of the Colombian CDS price and compare its behavior around relevant conflict-event dates with that of the actual (conflict-affected) Colombian CDS. Results suggest that the impact of conflict on the foreign perception of sovereign risk is sizable but rather idiosyncratic, and depends on the political context surrounding each event. © 2012 Copyright Taylor and Francis Group, LLC.application/pdfhttps://doi.org/10.1080/10242694.2011.5972331476826710242694https://repository.urosario.edu.co/handle/10336/23836eng201No. 2185Defence and Peace EconomicsVol. 23Defence and Peace Economics, ISSN:14768267, 10242694, Vol.23, No.2 (2012); pp. 185-201https://www.scopus.com/inward/record.uri?eid=2-s2.0-84858609509&doi=10.1080%2f10242694.2011.597233&partnerID=40&md5=d1ac698fe06d16931327712e338a5d7fAbierto (Texto Completo)http://purl.org/coar/access_right/c_abf2instname:Universidad del Rosarioreponame:Repositorio Institucional EdocURArmed conflictColombiaSovereign riskSynthetic controlSovereign risk and armed conflict: An event-study for ColombiaarticleArtículohttp://purl.org/coar/version/c_970fb48d4fbd8a85http://purl.org/coar/resource_type/c_6501Castañeda, AndrésVargas Duque, Juan Fernando10336/23836oai:repository.urosario.edu.co:10336/238362022-05-02 07:37:17.557341https://repository.urosario.edu.coRepositorio institucional EdocURedocur@urosario.edu.co
dc.title.spa.fl_str_mv	Sovereign risk and armed conflict: An event-study for Colombia
title	Sovereign risk and armed conflict: An event-study for Colombia
spellingShingle	Sovereign risk and armed conflict: An event-study for Colombia Armed conflict Colombia Sovereign risk Synthetic control
title_short	Sovereign risk and armed conflict: An event-study for Colombia
title_full	Sovereign risk and armed conflict: An event-study for Colombia
title_fullStr	Sovereign risk and armed conflict: An event-study for Colombia
title_full_unstemmed	Sovereign risk and armed conflict: An event-study for Colombia
title_sort	Sovereign risk and armed conflict: An event-study for Colombia
dc.subject.keyword.spa.fl_str_mv	Armed conflict Colombia Sovereign risk Synthetic control
topic	Armed conflict Colombia Sovereign risk Synthetic control
description	We study the causal effect of recent landmark events of the Colombian armed conflict on the foreign perception of sovereign risk, as measured by the price of the Credit Default Swap (CDS) of Colombian bonds. We construct a Synthetic Control Group to use as the non-conflict counterfactual of the Colombian CDS price and compare its behavior around relevant conflict-event dates with that of the actual (conflict-affected) Colombian CDS. Results suggest that the impact of conflict on the foreign perception of sovereign risk is sizable but rather idiosyncratic, and depends on the political context surrounding each event. © 2012 Copyright Taylor and Francis Group, LLC.
publishDate	2012
dc.date.created.spa.fl_str_mv	2012
dc.date.accessioned.none.fl_str_mv	2020-05-26T00:05:53Z
dc.date.available.none.fl_str_mv	2020-05-26T00:05:53Z
dc.type.eng.fl_str_mv	article
dc.type.coarversion.fl_str_mv	http://purl.org/coar/version/c_970fb48d4fbd8a85
dc.type.coar.fl_str_mv	http://purl.org/coar/resource_type/c_6501
dc.type.spa.spa.fl_str_mv	Artículo
dc.identifier.doi.none.fl_str_mv	https://doi.org/10.1080/10242694.2011.597233
dc.identifier.issn.none.fl_str_mv	14768267 10242694
dc.identifier.uri.none.fl_str_mv	https://repository.urosario.edu.co/handle/10336/23836
url	https://doi.org/10.1080/10242694.2011.597233 https://repository.urosario.edu.co/handle/10336/23836
identifier_str_mv	14768267 10242694
dc.language.iso.spa.fl_str_mv	eng
language	eng
dc.relation.citationEndPage.none.fl_str_mv	201
dc.relation.citationIssue.none.fl_str_mv	No. 2
dc.relation.citationStartPage.none.fl_str_mv	185
dc.relation.citationTitle.none.fl_str_mv	Defence and Peace Economics
dc.relation.citationVolume.none.fl_str_mv	Vol. 23
dc.relation.ispartof.spa.fl_str_mv	Defence and Peace Economics, ISSN:14768267, 10242694, Vol.23, No.2 (2012); pp. 185-201
dc.relation.uri.spa.fl_str_mv	https://www.scopus.com/inward/record.uri?eid=2-s2.0-84858609509&doi=10.1080%2f10242694.2011.597233&partnerID=40&md5=d1ac698fe06d16931327712e338a5d7f
dc.rights.coar.fl_str_mv	http://purl.org/coar/access_right/c_abf2
dc.rights.acceso.spa.fl_str_mv	Abierto (Texto Completo)
rights_invalid_str_mv	Abierto (Texto Completo) http://purl.org/coar/access_right/c_abf2
dc.format.mimetype.none.fl_str_mv	application/pdf
institution	Universidad del Rosario
dc.source.instname.spa.fl_str_mv	instname:Universidad del Rosario
dc.source.reponame.spa.fl_str_mv	reponame:Repositorio Institucional EdocUR
repository.name.fl_str_mv	Repositorio institucional EdocUR
repository.mail.fl_str_mv	edocur@urosario.edu.co
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Sovereign risk and armed conflict: An event-study for Colombia

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