Showing 1 - 10 of 17
Persistent link: https://www.econbiz.de/10003835924
In 2015, 70% of newly-issued leveraged loans had weaker enforcement features, called covenant-light or "cov-lite;" this is nearly a three-time increase in cov-lite issuance compared to a previous peak in 2007. We evaluate whether this development can be attributed to market overheating, increased...
Persistent link: https://www.econbiz.de/10011489998
Using credit-registry data for Spain and Peru, we document that four main types of commercial credit—asset-based loans …, cash-flow loans, trade finance and leasing—are easily identifiable and represent the bulk of corporate credit. We show that … credit dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply shocks previously …
Persistent link: https://www.econbiz.de/10012834089
Using credit-registry data for Spain and Peru, we document that four main types of commercial credit — asset …-based loans, cash flow loans, trade finance and leasing — are easily identifiable and represent the bulk of corporate credit. We … show that credit growth dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply …
Persistent link: https://www.econbiz.de/10012840841
show that this increase in credit risk can be largely attributed to an increase in the rate at which new and fast …
Persistent link: https://www.econbiz.de/10012893662
By the end of 2013, the share of government debt held by the domestic banking sectors of Eurozone countries was more than twice its 2007 level. We show that this type of increasing reliance on the domestic banking sector for absorbing government bonds generates a crowding out of corporate...
Persistent link: https://www.econbiz.de/10012938007
Using novel data on 1,240 credit agreements, we investigate sources of contractual complexity in the leveraged loan …
Persistent link: https://www.econbiz.de/10012851804
Using credit-registry data for Spain and Peru, we document that four main types of commercial credit –asset-based loans …, cash flow loans, trade finance and leasing–are easily identifiable and represent the bulk of corporate credit. We show that … credit growth dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply shocks …
Persistent link: https://www.econbiz.de/10012828873
Using credit-registry data for Spain and Peru, we document that four main types of commercial credit—asset-based loans …, cash-flow loans, trade finance and leasing—are easily identifiable and represent the bulk of corporate credit. We show that … credit dynamics and bank lending channels vary across these loan types. Moreover, aggregate credit supply shocks previously …
Persistent link: https://www.econbiz.de/10013313339
Using novel data on 1,240 credit agreements, we investigate sources of contractual complexity in the leveraged loan …
Persistent link: https://www.econbiz.de/10012481510