11. Loans versus Bonds: The Importance of Potential Liquidity Problems for Sovereign Borrowers

  1. Robert W. Kolb
  1. Issam Hallak1 and
  2. Paul Schure2

Published Online: 29 NOV 2011

DOI: 10.1002/9781118267073.ch11

Sovereign Debt: From Safety to Default

Sovereign Debt: From Safety to Default

How to Cite

Kolb, R. W. (2011) Loans versus Bonds: The Importance of Potential Liquidity Problems for Sovereign Borrowers, in Sovereign Debt: From Safety to Default, John Wiley & Sons, Inc., Hoboken, NJ, USA. doi: 10.1002/9781118267073.ch11

Author Information

  1. 1

    Assistant Professor, the Department of Finance of Bocconi University

  2. 2

    Associate Professor, the University of Victoria, Canada

Publication History

  1. Published Online: 29 NOV 2011
  2. Published Print: 21 FEB 2011

ISBN Information

Print ISBN: 9780470922392

Online ISBN: 9781118267073

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Keywords:

  • loans;
  • bonds;
  • sovereign borrowers;
  • credit relationships;
  • deposit financing

Summary

This chapter contains sections titled:

  • Larger Lenders Earn More

  • Idiosyncratic Liquidity Shocks and the Return Premium

  • Are Banks Special Lenders?

  • Conclusion

  • Note

  • About the Authors