How do different types of debt influence firm credit risk? This paper sheds new light on this issue by decomposing the … leverage ratio into market debt, bank debt, and trade credit leverage ratios by balance sheet account type classification; and …, 1984) suggests that these debt types differ in terms of the information asymmetry. Therefore, their effects on credit risk …

show a shock to the marked-to-market (MTM) value of bank exposures to sovereign debt led to credit tightening in 2010 … to market, I explore the transmission channels of the unrealized losses on credit supply. I show that a shock to MTM …

We investigate how the introduction of market-based pricing, the practice of tying loan interest rates to credit …

hypothesis of safe asset shortage-induced excess credit booms and financial instability. As an alternative step forward from the …. Using the index, consecutive empirical exercises confirm the positive relationship of safe asset shortage-credit expansion …-2013 presents new evidence that the (high) level of private credit at a time of increasing safe asset shortage is the major …

constraints translate into lower credit provision, suggesting that there is a significant balance-sheet channel in transmitting a …