Essays about: "external finance premium"

Found 5 essays containing the words external finance premium.

1. 1. Preparing for a pandemic - a theoretical perspective on the trade-offs of unconventional monetary policy

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Carl Sandström; [2021]
   Keywords : DSGE; financial frictions; monetary policy; pandemic; Euro Area; probability of default; Business and Economics;

   Abstract : As the COVID-19 pandemic spread across the globe, unprecedented policy measures were implemented by central banks and governments to dampen the effect on the real economy. Alongside the spread of the pandemic, research regarding how to simulate similar effects of the virus on the real economy and how to formulate optimal policy began spreading at an equal pace. READ MORE

3. 2. Investigating the existence of a bank lending channel in Sweden

   University essay from Umeå universitet/Nationalekonomi

   Author : Mervan Bedikanli; [2021]
   Keywords : ;

   Abstract : This paper uses quarterly Swedish bank-level data from 1999 to 2019 in an attempt to study the existence of a bank lending channel in Sweden. The bank lending channel is concerned with the role of credit in an economy, where it is argued that monetary policy can affect the real economy through a credit channel, in which banks shift their supply of loans to the public. READ MORE

4. 3. 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

5. 4. Corporate credit spreads and the Financial Accelerator Mechanism: Differentiating between credit rating, time to maturity and industry sector

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Christian Svensson; Alexander Dario Figge; [2011]
   Keywords : Corporate Bonds Spreads; Economic Growth; External Finance Premium; Financial Accelerator Mechanism; Financial Crisis; Business and Economics;

   Abstract : This paper aims at providing a detailed analysis of the leading indicator properties of corporate bond spreads for real economic activity in the euro area. In- and out-of-sample explanatory power of corporate bond spreads on economic growth is examined along four dimensions: the industry sector – i.e. READ MORE

6. 5. Corporate Bond Spreads as a Predictor of Euro Area GDP: Testing the Financial Accelerator at the Sector Level

   University essay from Handelshögskolan i Stockholm/Institutionen för nationalekonomi

   Author : Nina Bengtsson; Frida Sellberg; [2010]
   Keywords : financial accelerator; corporate bond spread; external finance premium; forecasting; euro area;

   Abstract : We study the predictive power of corporate bond spreads over real economic activity within the framework of the financial accelerator theory. Previous research has confirmed this relationship but there is a gap in the literature concerning classifications of corporate bonds other than credit rating and bond maturity. READ MORE