Economic uncertainty and credit risk: evidence from international corporate bonds

Patricio Valenzuela; Javier Mella; Juan Claveria

doi:10.1016/j.econlet.2024.111666

Economic uncertainty and credit risk: evidence from international corporate bonds

Patricio Valenzuela^*
, Javier Mella
, Juan Claveria

^*Autor correspondiente de este trabajo

Producción científica: Contribución a una revista › Artículo › revisión exhaustiva

5 Citas (Scopus)

Resumen

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.

Idioma original	Inglés
Número de artículo	111666
Páginas (desde-hasta)	1-4
Número de páginas	4
Publicación	Economics Letters
Volumen	237
DOI	https://doi.org/10.1016/j.econlet.2024.111666
Estado	Publicada - abr. 2024

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© 2024

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title = "Economic uncertainty and credit risk: evidence from international corporate bonds",

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.",

keywords = "Bond spreads, Credit ratings, Default risk, Uncertainty",

author = "Patricio Valenzuela and Javier Mella and Juan Claveria",

note = "Publisher Copyright: {\textcopyright} 2024",

year = "2024",

month = apr,

doi = "10.1016/j.econlet.2024.111666",

language = "English",

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T1 - Economic uncertainty and credit risk

T2 - evidence from international corporate bonds

AU - Valenzuela, Patricio

AU - Mella, Javier

AU - Claveria, Juan

PY - 2024/4

Y1 - 2024/4

N2 - 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.

AB - 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.

KW - Bond spreads

KW - Credit ratings

KW - Default risk

KW - Uncertainty

UR - https://www.scopus.com/pages/publications/85188584357

U2 - 10.1016/j.econlet.2024.111666

DO - 10.1016/j.econlet.2024.111666

M3 - Article

AN - SCOPUS:85188584357

SN - 0165-1765

VL - 237

SP - 1

EP - 4

JO - Economics Letters

JF - Economics Letters

M1 - 111666

ER -

Economic uncertainty and credit risk: evidence from international corporate bonds

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Huella

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