This paper investigates the gap-filling explanation for corporate debt maturity choices in a multi-country setting. We … argue that companies adjust their debt maturity in response to shocks in government debt maturity both at home and abroad … results have relevant implications for the opportunity for individual governments to use their debt maturity structure as a …

environment; ii) the role of government bonds as liquidity instruments; iii) whether and how the correlation structure of the … sovereign-bonds’ market values affects the portfolio composition of liquidity instruments and prices, and the scope for a debt …

The aim of this paper is to study the determinants of sovereign debt maturity for 23 European countries during the … between the level of debt of the country and sovereign debt maturity, particularly for countries with the lowest debt maturity …. We also find evidence of a negative relationship between sovereign risk and debt maturity for the lowest and intermediate …