liquidity does not translate into lower loan spreads for high-risk banks, even as it lowers deposit rates for both high-risk and … low-risk banks. This adversely affects the balance sheets of high-risk bank borrowers, leading to lower payouts, lower … capital expenditures, and lower employment. Overall, our results suggest that banks' capital constraints at the time of an …

We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U …. For term loans, U.S. firms pay significantly higher spreads. While European firms across the rating spectrum issue terms … loans, only low quality U.S. firms rely on term loans. U.S. issuers perform worse after loan origination compared to …

bank liquidity does not translate into lower loan spreads for high-risk banks for maturities beyond one year, even as it … lowers deposit spreads for both high-risk and low-risk banks. This adversely affects the balance sheets of highrisk bank … borrowers, leading to lower payouts, capital expenditures and employment. Overall, our results suggest that banks' capital …

We analyze differences in the pricing of syndicated loans between U.S. and European loans. For credit lines, U …. For term loans, U.S. firms pay significantly higher spreads. While European firms across the rating spectrum issue terms … loans, only low quality U.S. firms rely on term loans. U.S. issuers perform worse after loan origination compared to …