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Corporate debt maturity, repayment structure and monetary policy transmission
Karasoy Can, Hatice Gökçe - 2020
Persistent link: https://www.econbiz.de/10013040921
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Debt maturity heterogeneity and investment responses to monetary policy
Deng, Minjie; Fang, Min - 2021 - This version: October 2, 2021
Persistent link: https://www.econbiz.de/10012703079
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When central banks buy corporate bonds : target selection and impact of the European Corporate Sector Purchase Program
Galema, Rients; Lugo, Stefano - In: Journal of financial stability 54 (2021), pp. 1-12
Persistent link: https://www.econbiz.de/10012794131
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Monetary Policy and Corporate Debt Maturity
Fabiani, Andrea; Heineken, Janko; Falasconi, Luigi - 2022
We show that a policy rate cut lengthens corporate debt maturity. A 1 standard deviation (10 basis points, b …
Persistent link: https://www.econbiz.de/10013323634
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Corporate Debt Maturity and Monetary Policy
Bräuning, Falk; Fillat, Jose L.; Wang, J. Christina - 2021
Do firms lengthen the maturity of their borrowing following a flattening of the Treasury yield curve that results from … policy over the two regimes. We find that the answer is robustly yes for the pre-ZLB period: Firms extended the maturity of … their bond issuance by nearly three years in response to a policy-induced reduction of 1 percentage point in the maturity …
Persistent link: https://www.econbiz.de/10014351848
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Heterogeneity in Corporate Debt Structures and the Transmission of Monetary Policy
Holm-Hadulla, Federic - 2020
We study how differences in the aggregate structure of corporate debt financing affect the transmission of monetary policy. Using high-frequency financial market data to identify monetary policy shocks in a panel of euro area countries, we find that: bond finance dampens the overall response of...
Persistent link: https://www.econbiz.de/10012834775
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Heterogeneity in Corporate Debt Structures and the Transmission of Monetary Policy
Holm-Hadulla, Federic - 2020
We study how differences in the aggregate structure of corporate debt financing affect the transmission of monetary policy. Using high-frequency financial market data to identify monetary policy shocks in a panel of euro area countries, we find that: bond finance dampens the overall response of...
Persistent link: https://www.econbiz.de/10012839817
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Monetary Policy and Corporate Debt Structure
Lhuissier, Stéphane - 2018
This paper evaluates and compares the effects of conventional and unconventional monetarypolicies on the corporate debt structure in the United States. It does so by using a vectorautoregression in which policy shocks are identified through high-frequency external instruments.Our results show...
Persistent link: https://www.econbiz.de/10012909265
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Heterogeneity in Corporate Debt Structures and the Transmission of Monetary Policy
Holm-Hadulla, Federic; Thürwächter, Claire - 2021
We study how differences in the aggregate structure of corporate debt affect the transmission of monetary policy in a panel of euro area countries. We find that standard policy tightening shocks raise the cost of loans relative to corporate bonds. In economies with a high share of bond finance,...
Persistent link: https://www.econbiz.de/10013234863
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Heterogeneity in Corporate Debt Structures and the Transmission of Monetary Policy
Thürwächter, Claire; Holm-Hadulla, Federic - 2021
We study how differences in the aggregate structure of corporate debt affect the transmission of monetary policy in a panel of euro area countries. Consistent with the bank lending view of transmission, we find the cost of bank loans to rise relative to the cost of corporate bonds in response to...
Persistent link: https://www.econbiz.de/10013242293