Why Do Emerging Economies Borrow Short Term?
收藏NBER2007-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13076
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We argue that emerging economies borrow short term due to the high risk premium charged by bondholders on long-term debt. First, we present a model where the debt maturity structure is the outcome of a risk sharing problem between the government and bondholders. By issuing long-term debt, the
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美国国家经济研究局创建时间：
2007-05-01
