Fiscal Consolidation and the Cost of Credit : Evidence from Syndicated Loans /
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan spreads increase with fiscal consolidations, especially for small firms, domestic firm...
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| 格式: | 杂志 |
| 语言: | English |
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Washington, D.C. :
International Monetary Fund,
2013.
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| 丛编: | IMF Working Papers; Working Paper ;
No. 2013/036 |
| 在线阅读: | Full text available on IMF |