The Maturity and Payment Schedule of Sovereign Debt
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https://www.nber.org/papers/w20896
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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
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美国国家经济研究局创建时间：
2015-02-01
