Bank Funding Risk, Reference Rates, and Credit Supply
收藏NBER2023-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30907
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资源简介：
Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected bank funding costs. We show that credit supply is dampened by the associated debt-overhang cost to bank shareholders. Until 2022, this impact was reduced by linking the interest
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美国国家经济研究局创建时间：
2023-02-01
