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Normalizing the central bank's balance sheet : implications for inflation and debt dynamics

Domínguez, Begoña; Gomis-Porqueras, Pedro - In: Journal of money, credit and banking : JMCB 55 (2023) 4, pp. 945-974

Persistent link: https://www.econbiz.de/10014306170

Trading and liquidity in the catastrophe bond market

Herrmann, Markus; Hibbeln, Martin - In: The journal of risk & insurance 90 (2023) 2, pp. 283-328

Persistent link: https://www.econbiz.de/10014307543

Is climate transition risk priced into corporate credit risk? : evidence from credit default swaps

Ugolini, Andrea; Reboredo, Juan Carlos; Ojea-Ferreiro, … - 2023

We study whether climate transition risk is reflected in the credit default swap (CDS) spreads of firms. Using … risk (CTR) factor, and document how this factor shifts the term structure of the CDS spreads of more vulnerable firms but …

Persistent link: https://www.econbiz.de/10014230422

The good, the bad, and the ugly of international debt market data

Boyarchenko, Nina; Elias, Leonardo - 2023

Comprehensive granular data on firms' access to international credit markets and its determinants is instrumental in answering a wide set of questions in international macroeconomics and finance. We describe how to put together data on primary market issuance and secondary market pricing, how to...

Persistent link: https://www.econbiz.de/10014480621

Identifying financial fragmentation : do sovereign spreads in the EMU reflect differences in fundamentals?

Kakes, Jan; End, Jan-Willem van den - 2023

Persistent link: https://www.econbiz.de/10014284958

Economic preferences for risk-taking and financing costs

Delēs, Manthos D.; Hasan, Iftekhar; Iosifidi, Maria; … - In: The journal of corporate finance : contracting, … 80 (2023), pp. 1-13

Persistent link: https://www.econbiz.de/10014365681

Pollution permits and financing costs

Antoniou, Fabio; Delēs, Manthos D.; Ongena, Steven; … - 2020

describing the periods before and after policy implementation, loan spreads for firms participating in cap-and-trade programs are … theoretical predictions, we find that --starting in 2013-- loan spreads fall by almost 25%. We show that this decrease is almost …

Persistent link: https://www.econbiz.de/10012421274

Explaining the Danish-German sovereign yield spread

Grønlund, Asger Munch; Hensch, Jonas Ladegaard; … - 2022

This economic memo investigates the drivers of the Danish-German 10-year yield spread, which has widened 25 basis points since January 2020. The widening is found to be driven mainly by larger collateral scarcity of German sovereign bonds due to the ECB's significant bond purchases and a...

Persistent link: https://www.econbiz.de/10013326766

Fiscal consolidation under market's scrutiny: How do fiscal announcements affect bond yields

Švéda, Josef; Baxa, Jaromír; Geršl, Adam - 2022

We estimate the short-run reactions of bond spreads of selected EU member states vis-à-vis the German bund on fiscal … consolidation decrease the spreads-however, the full-sample result masks substantial time and country variation. The impact of …

Persistent link: https://www.econbiz.de/10013394382

Activation of new ECB emergency program TPI not required so far

Bernoth, Kerstin; Dietz, Sara; Ider, Gökhan; Lastra, … - In: DIW Weekly Report 12 (2022) 40, pp. 249-256

model show that current yield spreads between government bonds of euro area member states cannot yet be justified as …

Persistent link: https://www.econbiz.de/10013426463

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