Directory UMM :Data Elmu:jurnal:J-a:Journal Of Banking And Finance:Vol24.Issue11.2000:

Erratum

Erratum to ``Default risk and optimal debt

management'' [Journal of Banking and Finance

24 (6) 861±891]

q

Francesco Drudi

a

, Ra€aela Giordano

b,*

a_{Directorate Economics, European Central Bank, Frankfurt am Main, Germany} b_{Research Department, Bank of Italy, Via Nazionale 91, Roma 00184, Italy}

The Publisher regrets that in each of Figs. 1±5 in this article one curve is

missing. The correct versions of the ®gures are published below.

Journal of Banking & Finance 24 (2000) 1849±1852

www.elsevier.com/locate/econbase

q

PII of the original article: S0378-4266(99)00110-7.

*_{Corresponding author. Tel.: +39-06-4792-4124; fax: +39-06-4792-2324.}

E-mail address:giordano.ra€aela@insedia.interbusiness.it (R. Giordano). Fig. 1. Continued.

0378-4266/00/$ - see front matterÓ_{2000 Elsevier Science B.V. All rights reserved.}

Fig. 1. Belgium: Share of foreign currency debt (left scale).

Fig. 4. Italy: Default risk and debt/GDP ratio. Fig. 3. Denmark: Share of foreign currency debt (left scale).

Fig. 5. Italy: Default risk and average debt maturity.