Foreign capital flows, credit spreads, and the business cycle
Sign Up to like & getrecommendations! Published in 2018 at "Journal of International Financial Markets, Institutions and Money"
DOI: 10.1016/j.intfin.2018.06.001
Abstract: Abstract Previous studies have found that foreign capital flows into the US Treasury and corporate-bond markets drive US long-term interest rates. In this paper, we extend the literature by showing that (1) foreign capital flows… read more here.
Keywords: capital flows; foreign capital; flows credit; credit spreads ... See more keywords
Cash flows and credit cycles
Sign Up to like & getrecommendations! Published in 2018 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2017.10.013
Abstract: Aggregate productivity falls in recessions and rises in expansions. Several empirical studies suggest that the systematic behavior of lending standards, with laxer (tighter) standards applied during expansions (recessions), is responsible for reverting trends in aggregate… read more here.
Keywords: credit; cash; cash flows; cash flow ... See more keywords