The State-Contingent Debt Premium: Evidence from French Public Bonds
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https://www.nber.org/papers/w35136
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资源简介：
State-contingent debt (SCD) instruments have been proposed as an improvement to sovereign debt markets, but their issuance costs are not well understood. We estimate the SCD premium at issuance and for more than a decade thereafter, employing a quasi-twin bond strategy that uses two very similar
提供机构：
美国国家经济研究局
创建时间：
2026-05-01
