%0 Documento de trabajo (Working Paper) %A Ojeda-Joya, Jair N. %I Banco de la República %D 2012 %G Español (Spanish) %T The term-structure of sovereign default risk in Colombia and its determinants %U http://repositorio.banrep.gov.co/handle/20.500.12134/5732 %X We study the determinants of sovereign default risk in Colombia by focusing on different time spans of risk which are indicated by yield spreads of government bonds with different maturities. Cointegration regressions are performed to analyze whether the