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政大典藏 > College of Commerce > Department of Finance > Periodical Articles > Item 140.119/118855

Please use this identifier to cite or link to this item: https://nccur.lib.nccu.edu.tw/handle/140.119/118855

Title:	Quality of government institutions and spreads on sovereign credit default swaps
Authors:	Hsien-YiChen 陳聖賢 Chen, Sheng-Syan
Contributors:	財管系
Keywords:	Institutional quality;Sovereign default;Credit risk
Date:	2018-10
Issue Date:	2018-07-24 16:14:28 (UTC+8)
Abstract:	We examine how the quality of government institutions affects the likelihood of sovereign default. We find both economically and statistically significant adverse effects of country governance indicators on sovereign credit default swap spreads. The evidence suggests that better-quality governance enhances a country’s willingness to repay debt, and hence reduces the probability of sovereign default. The results still hold after we account for potential endogeneity and conduct a number of robustness tests.
Relation:	Journal of International Money and Finance, Volume 87, Pages 82-95
Data Type:	article
DOI link:	https://doi.org/10.1016/j.jimonfin.2018.05.008
DOI:	10.1016/j.jimonfin.2018.05.008
Appears in Collections:	[Department of Finance] Periodical Articles

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