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...

Mô tả đầy đủ

Chi tiết về thư mục
Tác giả chính: Lee, Seung
Tác giả khác: Liu, Lucy Qian, Stebunovs, Viktors
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2017.
Loạt:IMF Working Papers; Working Paper ; No. 2017/016
Truy cập trực tuyến:Full text available on IMF