Crossing the Credit Channel : Credit Spreads and Firm Heterogeneity /
Credit spreads rise after a monetary policy tightening, yet spread reactions are heterogeneous across firms. Exploiting information from a panel of corporate bonds matched with balance sheet data for U.S. non-financial firms, we document that firms with high leverage experience a more pronounced inc...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2020.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2020/267 |
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| Acesso em linha: | Full text available on IMF |