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Risk Taking and Interest Rates.

Detalles Bibliográficos
Clasificación:Libro Electrónico
Autor principal: Lee, Seung Jung
Formato: Electrónico eBook
Idioma:Inglés
Publicado: International Monetary Fund, 2017.
Temas:
Acceso en línea:Texto completo

MARC

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505 0 |a Cover; Table of Contents; Abstract; 1. Introduction; 2. Literature review; 3. Data; 3.1 Global syndicated loan market; 3.2 U.S. interest rates; 3.3 Loan spreads and ex-ante credit risk; 4. Empirical methodology; 4.1 Syndicate regressions; 4.2 Portfolio regressions; 5. Estimation results; 5.1 Syndicate regressions; 5.2 Portfolio regressions; 6. Conclusions; References; Appendix; Figures; 1. Issuance of corporate bonds and origination of syndicated term loans; 2. U.S. interest rates and pricing of syndicated term loans; 3. Ownership of syndicated term loans at origination and over time. 
505 8 |a 4. Loan spreads and probabilities of borrower defaultTables; 1. Descriptive statistics for loan pricing regressions; 2. Loan spreads as proxies for ex-ante credit risk; 3. Descriptive statistics for loan portfolio spread regressions; 4. Syndicate regressions: loans made by all lenders to non-U.S. borrowers; 5. Syndicate regressions: loans made by U.S. lenders to non-U.S. borrowers; 6. Syndicate regressions: loans made by non-U.S. lenders to EME borrowers; 7. Portfolio regressions: portfolio of loans made by all lenders to non-U.S. borrowers. 
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