Economics at your fingertips  

Debt Maturity and the Use of Short-Term Debt: Evidence form Sovereigns and Firms

Maria Martinez Peria, Leonardo Martinez, Sophia Chen (), Lucy Qian Liu () and Paola Ganum

No 2019/001, IMF Departmental Papers / Policy Papers from International Monetary Fund

Abstract: The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are renegotiated to the detriment of the borrower) and is associated with financial crises. Moreover, debt maturity can have an impact on the ability of firms to undertake long-term productive investments and, as a result, affect economic activity. The aim of this paper is to examine the evolution and determinants of debt maturity and to characterize differences across countries.

Keywords: DPPP; DP; short-term debt; maturity; debt maturity; EMDEs; debt; use of short-term debt; average weighted maturity; maturity structure; currency tradeoff; government bond; short-term debt debt ratio; World Bank debt statistics; ratio in AEs; debt dilution problem; bond issuance; weighted average maturity; Syndicated loans; Currencies; Loans; Bonds; Global (search for similar items in EconPapers)
Pages: 77
Date: 2019-02-05
References: Add references at CitEc
Citations: View citations in EconPapers (5) Track citations by RSS feed

Downloads: (external link) (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:

Ordering information: This working paper can be ordered from

Access Statistics for this paper

More papers in IMF Departmental Papers / Policy Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().

Page updated 2022-09-21
Handle: RePEc:imf:imfdps:2019/001