Bank Syndicates and Liquidity Provision
收藏NBER2020-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w27701
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资源简介：
We provide evidence that credit lines offer liquidity insurance to borrowers. Borrowers are able to extensively use their credit lines in recessions and ahead of credit line cuts. In fact drawdowns and changes in drawdowns predict internal credit rating downgrades and credit line cuts, suggesting
提供机构：
美国国家经济研究局
创建时间：
2020-08-01
