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On signaling and debt maturity choice

Lensink, Robert; Tra, Pham Thi Thu - In: Applied financial economics letters 2 (2006) 4, pp. 239-241

Persistent link: https://www.econbiz.de/10003351943

On the irrelevance of the maturity structure of government debt without commitment

Phelan, Christopher - 2000

Persistent link: https://www.econbiz.de/10001479128

On the irrelevance of the maturity structure of government debt without commitment

Phelan, Christopher - 2001 - Rev

Persistent link: https://www.econbiz.de/10001563810

On the irrelevance of the maturity structure of government debt without commitment

Phelan, Christopher - In: Games and economic behavior 46 (2004) 1, pp. 115-128

Persistent link: https://www.econbiz.de/10001884242

Unique Equilibrium in the Eaton-Gersovitz Model of Sovereign Debt

Auclert, Adrien - 2015

A common view of sovereign debt markets is that they are prone to multiple equilibria. We show that such multiplicity does not exist in the infinite-horizon model of Eaton and Gersovitz (1981), a widely adopted benchmark for analyses of these markets. When the value from government default is...

Persistent link: https://www.econbiz.de/10013033123

Asymmetric information and roll-over risk

König, Philipp Johann; Pothier, David - 2014

How do banks choose their debt maturity structure when credit markets are subject to information frictions? This paper … proposes a model of equilibrium maturity choice with asymmetric information and endogenous roll-over risk. We show that in the … social benefits, the equilibrium maturity structure always exhibits inefficient short-termism. If banks receiving a credit …

Persistent link: https://www.econbiz.de/10010248172