The Comovement between Credit Spreads, Corporate Debt and Liquid Assets in Recent Crises

Abstract: Credit spreads rose sharply during the 2008 financial crisis and the COVID-19 crisis. But their movement with corporate debt and liquid assets differed during those two periods.

Keywords: Financial Crisis of 2008; COVID-19; corporate debt; liquid assets; credit spreads;

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Source: On the Economy

Publication Date: 2021-11-09