with an increase in short-term debt financing. Quantile regressions suggest that there is substantial heterogeneity among … firms on how they react to macro-financial conditions: large increases in long-term debt financing and large declines in … short-term debt financing tend to be driven more by better macroeconomic performance, while large increases in short …

in a way consistent with theory and experience in mature markets. In contrast, except during periods of financial crisis …

. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment …

. Instead it shows, first, that the use of ill-suited collateral in the secured funding operations of U.S.-based investment …

This paper uses flow-of-funds and balance sheet data to analyze the impact of financial crises on corporate financing …