We model and calibrate the arguments in favor and against short-term and long-term debt. These arguments broadly include: maturity premium, sustainability, and service smoothing. We use a dynamic-equilibrium model with tax ...

Nesta dissertação eu demonstro que em modelos de dívida soberana de longo-prazo , as expecta- tivas dos credores acerca dos preços dos títulos e do nível de endividamento do país no futuro podem ser auto-realizáveis, ...

According to Bohn (1995, 2008), the conventional sustainability tests, based on analyzing cointegration between government revenues and expenditures, are inconclusive for determining the sustainability of fiscal policy. ...

Purpose. This study aims to determine whether there is an effect of internal and public debt on income inequality in Kenya for the period 1970–2018. Design/methodology/approach: The relationship is examined by using the ...

Technical Debt (TD) is a metaphor that describes the cost–benefit relationship between postponing technical development activities and the consequences of this long-term postponement. The lack of TD Management compromises ...

This study provides an empirical investigation of the determinants of long-term debt maturity in Brazil. We built a unique database that includes privately placed debt and public debt for 308 publicly traded, non-financial ...

This paper examines the relationship between covenants, short-term and long-term debt with companies which face growth opportunities. Using a sample of 159 Brazilian corporate bonds, we found evidence that: 1) Covenants ...

The following work aims to analyze the structure of the debts of Brazilian companies registered at BM&FBOVESPA. More specifically, to define the types of debts related to their indexers, calculate the degree of diversification ...