Similar Search Results

Negative interest rates, COVID-19, and the finances of listed euro firms

Eije, Johan H. von - In: Central European review of economics and management : CEREM 5 (2021) 4, pp. 117-143

. Cross section fixed effects are applied to first differences and dummy variables. For liquidity and non-liquid assets the … liquidity ratios and creditor ratios decline when short-term ECB-rates fall. If ECB rates are negative, liquidity ratios are ….6% smaller, while liquidity ratios increased by 2.3 percentage points. Originality / value of the article: Papers on the …

Persistent link: https://www.econbiz.de/10013202353

The impact of the Federal Reserve's Large-Scale Asset Purchase programs on corporate credit risk

Gilchrist, Simon; Zakrajšek, Egon - In: Journal of money, credit and banking : JMCB 45 (2013), pp. 29-57

Persistent link: https://www.econbiz.de/10010344557

On the time-varying effects of the ECB’s asset purchases

Zlobins, Andrejs - 2021

Persistent link: https://www.econbiz.de/10012792375

The impact of macroeconomic and monetary policy shocks on credit risk in the euro area corporate sector

Lo Duca, Marco; Moccero, Diego; Parlapiano, Fabio - 2024

We analyse the impact of macroeconomic and monetary policy shocks on corporate credit risk as measured by firms' probabilities of default (PDs) for the four largest euro area countries. We estimate the impact of shocks on one-year PDs using local projections (LP). For the period 2014-19, we find...