Why Do Bank Dependent Firms Bear Interest Rate Risk is popular PDF and ePub book, written by Divya Kirti in 2017-01-18, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, Why Do Bank Dependent Firms Bear Interest Rate Risk can be Read Online from any device for your convenience.
Why Do Bank Dependent Firms Bear Interest Rate Risk Book PDF Summary
I document that floating-rate loans from banks (particularly important for bank-dependent firms) drive most variation in firms' exposure to interest rates. I argue that banks lend to firms at floating rates because they themselves have floating-rate liabilities, supporting this with three key findings. Banks with more floating-rate liabilities, first, make more floating-rate loans, second, hold more floating-rate securities, and third, quote lower prices for floating-rate loans. My results establish an important link between intermediaries' funding structure and the types of contracts used by non-financial firms. They also highlight a role for banks in the balance-sheet channel of monetary policy.
Detail Book of Why Do Bank Dependent Firms Bear Interest Rate Risk PDF
- Author : Divya Kirti
- Release : 18 January 2017
- Publisher : International Monetary Fund
- ISBN : 9781475568974
- Genre : Business & Economics
- Total Page : 56 pages
- Language : English
- PDF File Size : 19,8 Mb
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