-term debt. First, we present a model where the debt maturity structure is the outcome of a risk sharing problem between the …

I analyze how lack of commitment affects the maturity structure of sovereign debt. Ex post, the government trades off …-distorting. The optimal maturity structure minimizes the expected costs due to opportunistic behavior ex post. It matches the maturity …

where maturity structure is used to achieve complete market outcomes. In particular, we extend the existing literature in …

these consequences depend on the maturity structure; the role of maturity has not been directly tested. We test this joint … behavioral differences attributable to the maturity structure. The use of short-term debt is found to characterize price … findings raise the maturity structure as a critical element in the strategic debt theory as has it long been so in general …

markets on long-term debt. First, we present a model where the debt maturity structure is the outcome of a risk sharing …

there an optimal maturity structure of public debt? Using a stochastic Diamond OLG model, we tackle these questions. We show … that there may be a welfare-improving role for a well-designed maturity structure of debt. …

Firms face the problem of choosing a debt maturity structure when financing an investment project. In addition, they …