The role of bank lending tightening on corporate bond issuance in the eurozone

Research, Preprint English OPEN
Kaya, Orcun; Wang, Lulu;
(2014)
  • Publisher: Goethe University, Center for Financial Studies (CFS) Frankfurt a. M.
  • Subject: Corporate Financing | E44 | G32 | G23 | Euro Area | Structural Change | Debt Securities | Debt Securities,Corporate Financing,Euro Area,Structural Change
    • jel: jel:G23 | jel:G32 | jel:E44
      ddc: ddc:330

This paper empirically tests the role of bank lending tightening on non-financial corporate (NFC) bond issuance in the eurozone. By utilizing a unique data set provided by the ECB Bank Lending Survey, we capture the "pure" credit supply effect on corporate external fina... View more
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