Cohen, Daniel; Portes, Richard - C.E.P.R. Discussion Papers - 1990
common only to the indebted countries the `systemic risk'. We then study the price of long-term debt relative to that of … short-term debt (data for three major countries). The price of short-term debt is influenced neither by `systemic risk' nor … service is contingent upon servicing short-term debt and on `systemic risk', which appears not to be a risk of `once …