Nicoletti, Giulio; Rariga, Judit; D'Acri, Costanza Rodriguez - 2024
purchases of firms and a withdrawal of short term funds from banks, impacting firm financing costs directly via bond markets …, and indirectly via banks. According to our results, the spreads of corporate bonds held by investment funds increased … euro area firms. Overall, our results show that while non-banks in general support firm financing by acting as a spare tyre …