Abstract
Credit spreads are positively associated with economic policy uncertainty. This association is stronger in developing countries and countries with French-origin legal systems and worse sovereign credit ratings. This relation is also stronger for firms that usually face worse credit conditions.
Original language | English |
---|---|
Article number | 111666 |
Pages (from-to) | 1-4 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 237 |
DOIs | |
State | Published - Apr 2024 |
Bibliographical note
Publisher Copyright:© 2024
Keywords
- Bond spreads
- Credit ratings
- Default risk
- Uncertainty