Modelling credit spreads in an illiquid South African corporate debt market
The South African debt market suffers from severe illiquidity, as is common in most emerging markets. Infrequent trading leads to out-of-date market prices and stale, unreliable credit spreads. Since the coverage of the South African debt market by credit ratings agencies is poor, meaningful credit...
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Doctoral Thesis |
| Language: | Eng |
| Published: |
Faculty of Science
2019
|
| Online Access: | http://hdl.handle.net/11427/30379 |