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Evolving leveraged loan covenants may pose novel transmission risk
Abstract: An evolving change affecting the expanding, highly leveraged corporate loan sector may impact how the economy responds to adverse shocks.
Keywords: banking; covenants; finance; leveraged loans;
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https://www.dallasfed.org/research/economics/2024/0820
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Bibliographic Information
Provider: Federal Reserve Bank of Dallas
Source: Dallas Fed Economics
Publication Date: 2024-08-20