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Risk Taking and Interest Rates.
| Clasificación: | Libro Electrónico |
|---|---|
| Autor principal: | |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
International Monetary Fund,
2017.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- 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.
- 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.