Endogenous debt maturity and rollover risk

We empirically study the nature of rollover risk and show how banks manage it. Having to roll over debt does not lead to higher default risk per se. Only banks that lose significant access to new funding while having to roll over debt display higher default risk. We identify a factor that determines...

Ausführliche Beschreibung

Bibliographische Detailangaben

Veröffentlicht in:	Financial management 2020-03, Vol.49 (1), p.69-90
Hauptverfasser:	Brancati, Emanuele, Macchiavelli, Marco
Format:	Artikel
Sprache:	eng
Schlagworte:	Access Banking industry Banks (Finance) Business & Economics Business, Finance Coordination Default Displays (Marketing) Endogenous Financial risk Maturity Pessimism Rollover Social Sciences Swaps (Finance)
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!