Bai, Y, Kim, ST 
ORCID: 0000-0002-8757-1476 and Mihalache, G
(2017)
The Payment Schedule of Sovereign Debt.
Economics Letters, 161.
pp. 19-23.
![[img]](https://livrepository.liverpool.ac.uk/style/images/fileicons/text.png) |
Text
BKM_EL_Final.pdf - Author Accepted Manuscript Download (300kB) |
Official URL: https://www.sciencedirect.com/science/article/abs/...
Abstract
We document cyclical fluctuations in scheduled payments of newly issued sovereign debt. During recessions, scheduled payments become more back-loaded. Our results provide direct evidence on a key parameter governing the functional form of cash flows in the long-term debt literature.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Sovereign debt, Debt management, Maturity, Payment schedule, Emerging market |
| Depositing User: | Symplectic Admin |
| Date Deposited: | 20 Sep 2017 11:12 |
| Last Modified: | 19 Jan 2023 06:54 |
| DOI: | 10.1016/j.econlet.2017.09.003 |
| Related URLs: | |
| URI: | https://livrepository.liverpool.ac.uk/id/eprint/3009537 |
Dimensions
Dimensions
DimensionsAltmetric
Share
CORE (COnnecting REpositories)