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Credit spreads and the term structure of interest rates

โœ Scribed by Charlotte Christiansen


Book ID
117714896
Publisher
Elsevier Science
Year
2002
Tongue
English
Weight
139 KB
Volume
11
Category
Article
ISSN
1057-5219

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The term structure of credit spreads in
โœ Marco Sorge; Blaise Gadanecz ๐Ÿ“‚ Article ๐Ÿ“… 2008 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 190 KB

## Abstract This paper finds that the term structure of credit spreads in project finance is humpโ€shaped. This contrasts with other types of debt, where credit risk is shown instead to increase monotonically with maturity __ceteris paribus__. We emphasize a number of peculiar features of project fi