EconPapers    
Economics at your fingertips  
 

Optimal financial contracting and debt maturity structure under adverse selection

Jorge Fernández-Ruiz

Estudios Económicos, 2002, vol. 17, issue 1, 37-65

Abstract: We analyze a model in which a risk-averse country finances its development project under asymmetric information. Before the project renders its fruits, two types of news will become available, one of which will reduce the asymmetry of information between the country and its investors. We characterize the optimal financial contract both when complete financial contracting is possible and when the country is restricted to using only short-term and long-term debt.

Date: 2002
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
https://estudioseconomicos.colmex.mx/index.php/economicos/article/view/200/202 (application/pdf)

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:emx:esteco:v:17:y:2002:i:1:p:37-65

Access Statistics for this article

More articles in Estudios Económicos from El Colegio de México, Centro de Estudios Económicos Contact information at EDIRC.
Bibliographic data for series maintained by Rocío Contreras ().

 
Page updated 2020-09-25
Handle: RePEc:emx:esteco:v:17:y:2002:i:1:p:37-65