Showing 1 - 7 of 7
Persistent link: https://www.econbiz.de/10012656307
Persistent link: https://www.econbiz.de/10012656278
Persistent link: https://www.econbiz.de/10012656279
Persistent link: https://www.econbiz.de/10014231782
Persistent link: https://www.econbiz.de/10014240041
This paper investigates how covenants, intrinsic to Collateralized Loan Obligation (CLO) indentures, may amplify idiosyncratic shocks, imposing negative externalities on unrelated firms in CLO portfolios. Following a negative shock to the oil & gas industry, CLOs with exposure to oil and gas...
Persistent link: https://www.econbiz.de/10014230330
Persistent link: https://www.econbiz.de/10013370211