Debt Specialization In The Nordic
Abstract
This paper presents a comprehensive comparative analysis of the Nordic
public debt market and the U.S. public debt market. By examining
key firm characteristics that help explain trends in debt specialization,
we provide insights into the similarities and differences between
these debt markets. Through a quantitative analysis of historical data
we discover these contrasts and disclose possible economic reasons for
them. In turn, this paper shows that research on debt specialization in
the U.S. is not universally correct outside the U.S. Hence, this paper
further delve into country and industry specific sections to uncover
how debt specialization appears in the Nordic. We conclude that the
debt specialization within the Nordic at all levels shows preference to
term loans opposed to the American preference for Bonds & Notes,
possibly explained by market structure and size differences.
Description
Masteroppgave(MSc) in Master of Science in Business, Finance - Handelshøyskolen BI, 2023