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The role of lender behavior in international project finance

โœ Scribed by Sumru Altug; Sule Ozler; Murat Usman

Publisher
Springer
Year
2002
Tongue
English
Weight
224 KB
Volume
19
Category
Article
ISSN
0938-2259

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The term structure of credit spreads in
The term structure of credit spreads in project finance
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