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The financing of tourism projects

✍ Scribed by J.A. Bodlender

Publisher
Elsevier Science
Year
1982
Tongue
English
Weight
835 KB
Volume
3
Category
Article
ISSN
0261-5177

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## Abstract This paper finds that the term structure of credit spreads in project finance is hump‐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