Discussion Paper
The Changing Landscape of Corporate Credit
Abstract: Firms’ access to credit is a crucial determinant of their investment, employment, and overall growth decisions. While we usually think of their ability to borrow as determined by aggregate credit conditions, in reality firms have a number of markets where they can borrow, and conditions can vary across those markets. In this post, we investigate how the composition of debt instruments on U.S. firms’ balance sheets has evolved over the last twenty years.
Keywords: corporate credit; bond market; debt maturity;
JEL Classification: G32; G15; F30; F44;
Access Documents
File(s):
File format is text/html
https://libertystreeteconomics.newyorkfed.org/2024/05/the-changing-landscape-of-corporate-credit/
Description: Full text
Authors
Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Liberty Street Economics
Publication Date: 2024-05-21
Number: 20240521