Essays about: "Corporate bond spreads as a proxy for external finance premium: Differentiating between bonds issued"

Found 1 essay containing the words Corporate bond spreads as a proxy for external finance premium: Differentiating between bonds issued.

  1. 1. Corporate bond spreads as a proxy for external finance premium: Differentiating between bonds issued by financial institutions and bonds issued by non-financial corporations

    University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

    Author : Petra Alestalo; [2011]
    Keywords : external finance premium; financial accelerator mechanism; corporate bond spread; financial institution; the euro area;

    Abstract : The objective of this paper is to study the financial accelerator mechanism by investigating the suitability of corporate bond spreads as a proxy for external finance premium. In particular, the aim is to theoretically and empirically analyze differences in predictive power over short-term real economic activity between two types of corporate bond spreads: corporate bonds issued by financial institutions and bonds issued by non-financial corporations. READ MORE