Essays about: "financial accelerator mechanism"

Found 2 essays containing the words financial accelerator mechanism.

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

3. 2. 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