The Credit Premium

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URI
http://hdl.handle.net/11250/2580115
Date
2011
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Abstract
In this section, we review the theory and empirical evidence of the credit premium. The credit premium is the excess return that an investor obtains for holding bonds issued by entities other than governments. A natural starting point for this objective is to discuss the so-called “credit spread puzzle” and different attempts to resolve it.
Description
This note was part of the NBIM memo ‘On fixed-income investments’ (March 2011).
Publisher
Norges Bank Investment Management
Series
Discussion note;3/2011
Diskusjonsnotat;3/2011
Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal
Except where otherwise noted, this item's license is described as Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal