Risk Taking and Interest Rates : Evidence from Decades in the Global Syndicated Loan Market. /
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| Author / Creator: | Lee, Seung Jung, author. |
|---|---|
| Imprint: | Washington, D.C. : International Monetary Fund, 2017. |
| Description: | 1 online resource (47 pages). |
| Language: | English |
| Series: | IMF Working Papers, 1018-5941 ; WP/17/16 IMF working paper ; WP/17/16. |
| Subject: | |
| Format: | E-Resource Book |
| URL for this record: | http://pi.lib.uchicago.edu/1001/cat/bib/12506911 |
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| 100 | 1 | |a Lee, Seung Jung, |e author. | |
| 245 | 1 | 0 | |a Risk Taking and Interest Rates : |b Evidence from Decades in the Global Syndicated Loan Market. / |c by Seung Jung Lee, Lucy Qian Liu, and Viktors Stebunovs. |
| 260 | |a Washington, D.C. : |b International Monetary Fund, |c 2017. | ||
| 300 | |a 1 online resource (47 pages). | ||
| 336 | |a text |b txt |2 rdacontent | ||
| 337 | |a computer |b c |2 rdamedia | ||
| 338 | |a online resource |b cr |2 rdacarrier | ||
| 490 | 1 | |a IMF Working Papers, |x 1018-5941 ; |v WP/17/16 | |
| 520 | 3 | |a We study how low interest rates in the United States affect risk taking in the market of crossborder leveraged corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our analysis provides evidence of a cross-border spillover effect of monetary policy. We find that before the crisis, lenders made ex-ante riskier loans to non- U.S. borrowers in response to a decline in short-term U.S. interest rates, and, after it, in response to a decline in longer-term U.S. interest rates. Economic uncertainty and risk appetite appear to play a limited role in explaining ex-ante credit risk. Our results highlight the potential policy challenges faced by central banks in affecting credit risk cycles in their own jurisdictions. | |
| 588 | 0 | |a Print version record. | |
| 650 | 0 | |a Risk |x Econometric models. | |
| 650 | 7 | |a Risk |x Econometric models. |2 fast |0 (OCoLC)fst01098121 | |
| 655 | 4 | |a Electronic books. | |
| 700 | 1 | |a Liu, Lucy Qian, |e author. |0 http://id.loc.gov/authorities/names/no2015051563 | |
| 700 | 1 | |a Stebunovs, Viktors, |e author. |0 http://id.loc.gov/authorities/names/no2009093352 | |
| 776 | 0 | 8 | |i Print Version: |a Lee, Seung Jung. |t Risk Taking and Interest Rates: Evidence from Decades in the Global Syndicated Loan Market. |d Washington, D.C. : International Monetary Fund,2017 |z 9781475572377 |
| 830 | 0 | |a IMF working paper ; |v WP/17/16. |0 http://id.loc.gov/authorities/names/no89010263 | |
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| 928 | |t Library of Congress classification |a HB615 |l Online |c UC-FullText |u http://elibrary.imf.org/view/IMF001/24008-9781475572377/24008-9781475572377/24008-9781475572377.xml |z International Monetary Fund |g ebooks |i 12151310 | ||