Debt Maturity and the Use of Short-Term Debt : Evidence form Sovereigns and Firms /

The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are renegotiated to the detriment of the borrower) and is associated with financial crises. Moreover, debt maturity can have an impact on the abil...

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מידע ביבליוגרפי
מחבר ראשי: Chen, Sophia
מחברים אחרים: Ganum, Paola, Liu, Lucy Qian, Martinez, Leonardo
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2019.
סדרה:Departmental Papers; Departmental Paper ; No. 2019/001
גישה מקוונת:Full text available on IMF
תיאור
סיכום:The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are renegotiated to the detriment of the borrower) and is associated with financial crises. Moreover, debt maturity can have an impact on the ability of firms to undertake long-term productive investments and, as a result, affect economic activity. The aim of this paper is to examine the evolution and determinants of debt maturity and to characterize differences across countries.
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תיאור פיזי:1 online resource (77 pages)
פורמט:Mode of access: Internet
ISSN:2616-5333
גישה:Electronic access restricted to authorized BRAC University faculty, staff and students