The Maturity and Payment Schedule of Sovereign Debt
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https://www.nber.org/papers/w20896
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资源简介：
This paper studies the maturity and stream of payments of sovereign debt. Using Bloomberg bond data for eleven emerging economies, we document that countries react to crises by issuing debt with shortened maturity but back-load payment schedules. To account for this pattern, we develop a sovereign
提供机构：
美国国家经济研究局
创建时间：
2015-02-01
