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

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

6 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
Publicación	Economics Letters
Volumen	237
DOI	https://doi.org/10.1016/j.econlet.2024.111666
Estado	Publicada - abr 2024
Publicado de forma externa	Sí

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10.1016/j.econlet.2024.111666

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@article{0d41548632da430fb04e7438b2fae770,

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",

volume = "237",

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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

JO - Economics Letters

JF - Economics Letters

M1 - 111666

ER -

Economic uncertainty and credit risk: Evidence from international corporate bonds

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