文章基本信息
- 标题：Interpreting sovereign spreads
- 本地全文：下载
- 作者：Eli M Remolona ; Michela Scatigna ; Eliza Wu 等
- 期刊名称：BIS Quarterly Review: International Banking and Financial Market Developments = BIZ-Quartalsbericht: Internationales Bankgeschäft und internationale Finanzmärkte
- 印刷版ISSN：1012-9979
- 出版年度：2007
- 卷号：2007
- 期号：1
- 出版社：Bank for International Settlements
- 摘要：
Sovereign spreads can be broken up into two components: the expected loss from default and the risk premium, with the latter reflecting how investors price the risk of unexpected losses. We show that the risk premium is often the larger part of the spread.
