Quality of government institutions and spreads on sovereign credit default swaps | Publication

Title	Quality of government institutions and spreads on sovereign credit default swaps
Creator	Hsien-YiChen 陳聖賢 Chen, Sheng-Syan
Contributor	財管系
Key Words	Institutional quality; Sovereign default; Credit risk
Date	2018-10
Date Issued	24-Jul-2018 16:14:28 (UTC+8)
Summary	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
Type	article
DOI	https://doi.org/10.1016/j.jimonfin.2018.05.008

dc.contributor	財管系
dc.creator (作者)	Hsien-YiChen	en_US
dc.creator (作者)	陳聖賢	zh_TW
dc.creator (作者)	Chen, Sheng-Syan	en_US
dc.date (日期)	2018-10
dc.date.accessioned	24-Jul-2018 16:14:28 (UTC+8)	-
dc.date.available	24-Jul-2018 16:14:28 (UTC+8)	-
dc.date.issued (上傳時間)	24-Jul-2018 16:14:28 (UTC+8)	-
dc.identifier.uri (URI)	http://nccur.lib.nccu.edu.tw/handle/140.119/118855	-
dc.description.abstract (摘要)	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.	en_US
dc.format.extent	348770 bytes	-
dc.format.mimetype	application/pdf	-
dc.relation (關聯)	Journal of International Money and Finance, Volume 87, Pages 82-95
dc.subject (關鍵詞)	Institutional quality; Sovereign default; Credit risk	en_US
dc.title (題名)	Quality of government institutions and spreads on sovereign credit default swaps	en_US
dc.type (資料類型)	article	en
dc.identifier.doi (DOI)	10.1016/j.jimonfin.2018.05.008
dc.doi.uri (DOI)	https://doi.org/10.1016/j.jimonfin.2018.05.008