We study the relationship between default and the maturity structure of the debt portfolio of a Sovereign, under uncertainty. The Sovereign faces a trade-off be

This paper examines ways to summarize the maturity structure of public debts using a small number of parameters. We compile a novel dataset of all promised futu

The maturity structure of debt can have financial and real consequences. Short-term debt exposes borrowers to rollover risk (where the terms of financing are re