Similar Search Results

The Role of Bank Lending Tightening on Corporate Bond Issuance in the Eurozone

Kaya, Orcun - 2017

The availability of bank lending and corporate bond markets underwent a drastic change in the eurozone with the break … lending tightening on non-financial corporate (NFC) bond issuance in the eurozone. By utilizing a unique data set provided by … reporting considerable tightening on loans leads to around a 7% increase in firms' bond issuance in the eurozone. The …

Persistent link: https://www.econbiz.de/10012973832

Credit Risk in the Euro Area

Gilchrist, Simon - 2014

We construct credit risk indicators for euro area banks and non-financial corporations. These are the average spreads on the yield of euro area private sector bonds relative to the yield on German federal government securities of matched maturities. The indicators are also constructed at the...

Persistent link: https://www.econbiz.de/10013054759

Credit Risk in the Euro Area

Gilchrist, Simon - 2014

Persistent link: https://www.econbiz.de/10013055501

Leading Indicator Properties of Corporate Bond Spreads, Excess Bond Premia and Lending Spreads in the Euro Area

Krylova, Elizaveta - 2016

This paper analyses leading indicator properties of a broad set of credit spreads, compiled on the basis of information from both corporate bonds and bank loans for forecasting of real activity, unemployment, inflation and lending volumes in the euro area and in five major European economies. It...

Persistent link: https://www.econbiz.de/10012988612

Redenomination risk in eurozone corporate bond spreads

Bleaney, Michael F.; Veleanu, Veronica - In: The European journal of finance 27 (2021) 13, pp. 1303-1325

Persistent link: https://www.econbiz.de/10012653094

The Impact of ECB Corporate Sector Purchases on European Green Bonds

Bremus, Franziska; Schuetze, Franziska; Zaklan, Aleksandar - 2021

This papers analyzes the effect of the ECB’s Corporate Sector Purchase Programme (CSPP) and the recent Pandemic Emergency Purchase Programme (PEPP) on the yields of eligible green bonds, a new but rapidly growing segment of the corporate bond market. We exploit these policy changes using a...

Persistent link: https://www.econbiz.de/10013237846

The rise of bond financing in Europe

Darmouni, Olivier; Papoutsi, Melina - 2022

The rise of bond financing in EuropeUsing large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry of many smaller...

Persistent link: https://www.econbiz.de/10013198743

ECB Corporate QE and the Loan Supply to Bank-Dependent Firms

Betz, Frank; De Santis, Roberto A. - 2021

Using a representative sample of businesses in the euro area, we show that Eurosystempurchases of corporate bonds under the Corporate Sector Purchase programme (CSPP)increased the net issuance of debt securities, triggering a shift in bank loan supply infavour of firms that do not have access to...

Persistent link: https://www.econbiz.de/10013315344

The impact of ECB corporate sector purchases on European green bonds

Bremus, Franziska; Schütze, Franziska; Zaklan, Aleksandar - 2021

Persistent link: https://www.econbiz.de/10012498402

The role of bank lending tightening on corporate bond issuance in the eurozone

Kaya, Orcun; Wang, Lulu - In: The quarterly review of economics and finance : journal … 60 (2016), pp. 1-11

Persistent link: https://www.econbiz.de/10011627340