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Sovereign credit spreads and the composition of the government budget

โœ Scribed by Astrid Van Landschoot


Book ID
110611488
Publisher
Springer-Verlag
Year
2004
Tongue
English
Weight
805 KB
Volume
140
Category
Article
ISSN
1610-2878

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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