NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Debt Maturity: Is Long-Term Debt Optimal?

Laura Alfaro, Fabio Kanczuk

NBER Working Paper No. 13119
Issued in May 2007

---- Acknowledgements -----

We thank Daniel Cohen, Jean-Charles Rochet, Eduardo Borensztein, Federico Sturzenegger, Eric Werker, Alejandro Werner, Jing Zhang and participants at the 2005 IADB IPES pre-conference, the LACEA Conference-Mexico, the Chicago Econometric Society Winter Meetings, and seminars at the New York-Federal Reserve Bank and the University of São Paulo for valuable comments and suggestions. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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