2 papers
econ.GN2025
Sovereign Debt Default and Climate Risk
Emilio Barucci, Daniele Marazzina, Aldo Nassigh
We explore the interplay between sovereign debt default/renegotiation and environmental factors (e.g., pollution from land use, natural resource exploitation). Pollution contribute…
q-fin.PR2019
A closed formula for illiquid corporate bonds and an application to the European market
Roberto Baviera, Aldo Nassigh, Emanuele Nastasi
We propose an option approach for pricing bond illiquidity that is reminiscent of the celebrated work of Longstaff (1995) on the non-marketability of some non-dividend-paying share…