Risk Taking and Interest Rates : Evidence from Decades in the Global Syndicated Loan Market /

We study how low interest rates in the United States affect risk taking in the market of crossborder leveraged corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our analysis provides evidence of a cross-border spillover effect of monetary policy. We find...

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Hlavní autor: Lee, Seung
Další autoři: Liu, Lucy Qian, Stebunovs, Viktors
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2017.
Edice:IMF Working Papers; Working Paper ; No. 2017/016
On-line přístup:Full text available on IMF