Sovereign debt distress and corporate spillover impacts (English)

In much of the standard corporate finance literature in which sovereign debt is treated as a risk free asset, corporate bond prices are seen to depend on idiosyncratic risk factors specific to the issuing company, with public debt playing an indirect role to the extent that it affects the term structure of interest rates. In the corporate world, however, the ability of a borrower to access international capital markets and the terms according to which...

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Author

Dailami,Mansoor;
Document Date
2010/07/01
Document Type
Policy Research Working Paper
Report Number
WPS5380
Volume No
1
Total Volume(s)
1
Country
World,
Region
Other,
Disclosure Date
2010/07/26
Disclosure Status
Disclosed
Doc Name
Sovereign debt distress and corporate spillover impacts
Keywords
corporate bond

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Citation

Dailami,Mansoor.

Sovereign debt distress and corporate spillover impacts (English). Policy Research working paper ; no. WPS 5380 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/293811468163463532

Sovereign debt distress and corporate spillover impacts (English)

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