Are Corporate Bond Defaults Contagious across Sectors?
Corporate bond defaults in different sectors often increase suddenly at roughly similar times, although some sectors see default rates jump earlier than others. This could reflect contagion among sectors—specifically, defaults in one sector leading to credit stresses in other sectors of th...
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| Format: | Article |
| Language: | English |
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MDPI AG
2020-01-01
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| Series: | International Journal of Financial Studies |
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| Online Access: | https://www.mdpi.com/2227-7072/8/1/1 |