Search

Your search keyword '"CORPORATE bonds"' showing total 3 results
Start Over Descriptor "CORPORATE bonds" Search Limiters Available in Library Collection Topic commercial credit Region united states
3 results on '"CORPORATE bonds"'

1. The credit channel in U.S. economic history

Author

Hendricks, Torben W. and Kempa, Bernd

Subjects
*MONETARY policy, *DEFAULT (Finance), *CORPORATE bonds, *CREDIT laws, *FINANCIAL crises, *TWENTIETH century, *ECONOMIC history, *COMMERCIAL credit, *GREAT Depression, 1929-1939, *SAVINGS & Loan Bailout, 1989-1995, *MANAGEMENT
Abstract

This paper analyzes the effectiveness of the credit channel as a transmission mechanism of monetary policy in 20th century economic history by applying a Markov-switching model on the default premium of U.S. corporate bond portfolios. Beside the stance of monetary policy and the state of the business cycle, we identify a latent factor accounting for the strength of the credit channel. In particular, the credit channel appears to be active only in periods of financial distress, most notably during the Great Depression and the 1980s Savings and Loan debacle. [Copyright &y& Elsevier]

Published
2009
Full Text
View/download PDF

2. The Corporate Bond Credit Spread Puzzle.

Author

Christensen, Jens

Subjects
*CORPORATE bonds, *BOND market, *CREDIT, *COMMERCIAL credit, *INVESTORS, *FINANCE, *SPREAD (Finance)
Abstract

The article presents a study on the economic data of the Corporate Bond Credit in the U.S. According to the author, movements in the corporate bond spreads are important to many investors and potentially informative forward-looking metrics of market sentiment. The studies reviewed show that more than half of the variation in corporate bond credit spreads is not related to the financial health of the issuing firm, but rather reflects effects such as compensation for liquidity risk.

Published
2008

3. Corporate Bonds Sell (If There's a Safety Net).

Author

Norris, Floyd

Subjects
*BOND market, *COMMERCIAL credit, *CORPORATE bonds
Abstract

ARE the credit markets showing some signs of revival? At first glance, it appears that the answer is yes, at least for high-quality corporate borrowers. The volume of investment-grade corporate bonds issued in Europe and Asia in the first three months of this year was the highest ever for any quarter, while in the United States the total fell just short of the record. [ABSTRACT FROM PUBLISHER]

Published
2009

Catalog

Books, media, physical & digital resources
See catalog results