The term structure of credit spreads in project finance

Marco Sorge and Blaise Gadanecz
Additional contact information
Marco Sorge: World Bank Group - International Finance Corporation

No 159, BIS Working Papers from Bank for International Settlements

Abstract: This paper analyses the peculiar nature of credit risk in project finance by means of a comparative econometric analysis of ex ante credit spreads for a large cross section of international loans and bonds between 1993 and 2001 in both industrialised and emerging countries.

Keywords: project finance; term structure of credit spreads; political risk; capital requirements (search for similar items in EconPapers)
JEL-codes: F34 G12 G28 G32 (search for similar items in EconPapers)
Pages: 64 pages
Date: 2004-08
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://www.bis.org/publ/work159.pdf Full PDF document (application/pdf)
http://www.bis.org/publ/work159.htm (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bis:biswps:159

Access Statistics for this paper

More papers in BIS Working Papers from Bank for International Settlements Contact information at EDIRC.
Bibliographic data for series maintained by Martin Fessler ().