Bernoth, Kerstin (contributor); … - 2004
am Main, Germany
Postal address
Postfach 16 03 19
60066 Frankfurt am Main, Germany
Telephone
+49 69 1344 0
Internet
http …-P(x
t
), 0≤ P(x
t
)≤1,
the domestic government will be unable to fully serve its debt. Here, x
t
indicates a set of … risky issuer country, (1 - P(x
t
)). The default
risk premium decreases with an increase in the fraction of repayment the …