The paper models and analyses the dynamics of credit spread curves based on ratings over the period from 2004 to 2021 …) curves are constructed for all rating levels. The paper focuses on the EUR credit market which has grown significantly in … bonds (investment grade and high yield) are discussed. We find that investment grade ASW curves are typically upward sloping …

The paper models and analyses the dynamics of credit spread curves based on ratings over the period from 2004 to 2021 …) curves are constructed for all rating levels. The paper focuses on the EUR credit market which has grown significantly in … bonds (investment grade and high yield) are discussed. We find that investment grade ASW curves are typically upward sloping …

financial losses. We present a new theory and empirical evidence about the existence and shape of so-called J-curves. The theory … startups backed by US venture capitalists experience deeper J-curves than those backed by non-US venture capitalists. They have …