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Term Structures of Credit Spreads with Incomplete Accounting Information

โœ Scribed by Darrell Duffie; David Lando


Book ID
108556033
Publisher
John Wiley and Sons
Year
2001
Tongue
English
Weight
457 KB
Volume
69
Category
Article
ISSN
0012-9682

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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