The Resilience of the U.S. Corporate Bond Market During Financial Crises
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Corporate bond markets proved remarkably resilient against a sharp contraction caused by the 2020 Covid-19 pandemic. We document three important findings: (1) bond issuance increased immediately when the contraction hit, whereas, in contrast, syndicated loan issuance was low; (2) Federal Reserve
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美国国家经济研究局创建时间：
2021-05-01
