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Results for “Credit Markets”

30 findings

75match

Finding 79791 source

Significantly, treated firms in emerging markets or lower private bank loan ratio countries show pronounced CDS spread jumps, underlining surprising market behavior driven by public data and covert signals strongly.

LexicalMeaningQualityGraph

Matched: credit, markets

75match

Finding 79801 source

Analyzing the influence of sovereign credit ratings on CDS spreads via the sovereign ceiling rule, the paper innovatively isolates rating changes from other influences. Its original methodology and nuanced framing enhance understanding in credit and debt markets, offering compelling, fresh insights that expand existing literature with impactful, carefully scored contributions.

LexicalMeaningQualityGraph

Matched: credit, markets

74match

Finding 79781 source

Researchers isolate nonpublic signals from firm fundamentals through a rigorous differenceindifferences and propensity score matching approach, ensuring remarkable reliability while controlling for firm, industry, and country influences in the analysis.

LexicalMeaningQualityGraph

Matched: credit, markets

73match

Finding 79771 source

The study finds that sovereign credit rating downgrades induce a CDS market effect, with firms at or above the sovereign rating experiencing a $$23.08%$$ increase in spreads versus other firms.

LexicalMeaningQualityGraph

Matched: credit, markets

73match

Finding 77591 source

This paper offers novel empirical evidence that direct lending is countercyclical compared to other high-yield credit markets, challenging the belief that private credit amplifies shocks. Its focus on substitution behavior among sponsor-backed firms provides fresh insights, making it compelling and significant for academic research and policy debates in credit markets.

LexicalMeaningQualityGraph

Matched: credit, markets

73match

Finding 79431 source

By examining money market fragmentation and its impact on credit markets through a country-specific lens, the paper introduces an innovative, transaction-level methodology challenging established theories like the $$\text{'law of one price'}$$. Its original perspective reinvigorates understanding of monetary policy transmission, offering readers fresh insights into credit and debt market dynamics.

LexicalMeaningQualityGraph

Matched: credit, markets

72match

Finding 79421 source

Although rigorous analysis with high-frequency data bolsters findings, limitations persist with small bank samples and difficulty isolating country influences from individual characteristics, impacting monetary policy transmission and credit market dynamics.

LexicalMeaningQualityGraph

Matched: credit, markets

70match

Finding 77561 source

New research reveals that direct lending by nonbank institutions to risky firms rises when traditional credit markets tighten, acting countercyclicallyespecially during downturnsunlike syndicated loans, which typically contract in such periods.

LexicalMeaningQualityGraph

Matched: credit, markets

70match

Finding 77571 source

A striking finding is that private equity-backed firms actively switch to direct lending when other financing dries up, substituting rather than reducing borrowing, which helps stabilize the corporate credit cycle during financial shocks.

LexicalMeaningQualityGraph

Matched: credit, markets

70match

Finding 77581 source

The study challenges fears about private credits rapid growth, showing it can stabilize the financial system, but notes more discussion is needed on potential risks or long-term effects of this substitution mechanism.

LexicalMeaningQualityGraph

Matched: credit, markets

69match

Finding 43821 source

A study reveals that the CARES Act mortgage forbearance policy unexpectedly triggered credit supply contraction, reflected in higher Credit Risk Transfer (CRT) spreads and investor concerns about rising future defaults.

LexicalMeaningQualityGraph

Matched: credit, markets

69match

Finding 83451 source

Researchers apply innovative quantitative techniques and advanced econometric modeling, evaluating market data and credit derivative valuations to uncover subtle trends, novel terminology, and nonlinear interactions within dynamically evolving credit networks.

LexicalMeaningQualityGraph

Matched: credit, markets

69match

Finding 83441 source

The study reveals significant asymmetric dynamic spillovers in industry bond credit risk, where the energy sector acts as a prime mover, driving volatility and risk transmission across broader credit markets.

LexicalMeaningQualityGraph

Matched: credit, markets

69match

Finding 79411 source

Utilizing detailed transaction-level data from 2017--2024, the study pioneers a country-specific fragmentation indicator and innovatively applies fixed effects regressions and bootstrapping techniques, linking premium transmission directly to new loan rates.

LexicalMeaningQualityGraph

Matched: credit, markets

69match

Finding 79401 source

Research reveals euro area market fragmentation: Italian banks pay an $8$ basis point premium, Spanish banks $2$, while Dutch banks enjoy a $6$ basis point discount compared to German banks.

LexicalMeaningQualityGraph

Matched: credit, markets

69match

Finding 37291 source

This paper introduces empirical strategies in Credit and Debt Markets by examining central bank corporate credit facilities through quasi-natural experiments, high-dimensional controls, and deep learning. Its originality stems from integrating causal machine learning and deep neural networks, presenting novel insights on policy impacts and treatment effects that are innovative, transformative.

LexicalMeaningQualityGraph

Matched: credit, markets

69match

Finding 43841 source

The analysis innovatively combined forward-looking market data, rigorous difference-in-differences econometric methods, and simulations to quantify default probabilities, while suggesting that further research should explore long-term policy impacts and borrower behavior.

LexicalMeaningQualityGraph

Matched: credit, markets

68match

Finding 78631 source

Open Banking and Open Finance frameworks transform competition by reallocating surplus from credit to payments; while lowering credit costs for constrained firms, they raise payment service prices, impacting data-focused customers.

LexicalMeaningQualityGraph

Matched: credit, markets

68match

Finding 83471 source

The paper examines asymmetric dynamic spillovers in industry bond credit risk, focusing on the energy sector to illuminate challenges in fixed income markets, credit derivatives, and risk management. Its original approach offers valuable insights despite limited methodological innovation. Nonetheless, it remains remarkably compelling for esteemed finance practitioners and academic researchers.

LexicalMeaningQualityGraph

Matched: credit, markets

68match

Finding 20761 source

The paper offers a novel empirical analysis on a Chinese P2P lending platform demonstrating that almost costless signals induce adverse selection. Applying established signaling theory to an emerging credit context, it uncovers misallocation issues, borrower behavior, and lender biases, delivering a compelling, original contribution to Credit and Debt Markets research.

LexicalMeaningQualityGraph

Matched: credit, markets

68match

Finding 43851 source

The paper innovatively combines novel CRT market data with the natural experiment provided by the CARES Act to assess forbearance policies effects. Its forward-looking pricing methodology, distinguishing judicial from non-judicial states, uncovers unintended credit market impacts. This original and fresh approach yields vital insights for credit, debt, and quantitative finance.

LexicalMeaningQualityGraph

Matched: credit, markets

68match

Finding 78641 source

The study uses a novel general equilibrium framework to model interactions between payments and credit markets, defining data interoperability and portability while addressing moral hazard through monitoring incentive analysis effectively.

LexicalMeaningQualityGraph

Matched: credit, markets

67match

Finding 80941 source

Addressing the dynamic interplay between banks and fintech lenders, the paper explores a timely credit market topic. Although it revisits familiar debates without offering breakthrough methods or fresh perspectives, its topical relevance in Credit and Debt Markets provides moderate interest. The analysis remains conventional rather than delivering novel, original insights.

LexicalMeaningQualityGraph

Matched: credit, markets

67match

Finding 65851 source

While private credit can boost employment and innovation, the study warns of hidden risks, lack of transparency, and potential systemic shocks, calling for improved regulation, stress testing, and better public data.

LexicalMeaningQualityGraph

Matched: credit, markets

67match

Finding 40021 source

Study analyzes emerging markets bonds, highlighting dramatic localcurrency growth boosting diversification despite volatility, while hardcurrency bonds exhibit strong correlations with conventional credit assets, curtailing hedging benefits over a twentyyear period.

LexicalMeaningQualityGraph

Matched: credit, markets

67match

Finding 65861 source

This paper delivers the first comprehensive academic survey of private credit markets, uniquely integrating recent theory and empirical work. Its originality lies in synthesizing post-2020 research and developing a framework linking delegated monitoring, soft-information, and incomplete contracting. The works timeliness and systemic risk mapping make it compelling and highly relevant.

LexicalMeaningQualityGraph

Matched: credit, markets

67match

Finding 65831 source

Private credit markets have surged from $158 billion in 2010 to nearly $2 trillion by mid-2024, fundamentally changing corporate borrowing as stricter bank regulations push more firms toward non-bank lenders.

LexicalMeaningQualityGraph

Matched: credit, markets

67match

Finding 43831 source

Researchers discovered that increased judicial exposure amplified CRT spreads, with judicial states experiencing nearly $$0.57$$ percentage point rise per one percentage point exposure on the day the policy took effect.

LexicalMeaningQualityGraph

Matched: credit, markets

67match

Finding 83461 source

A study provides guidance for market participants valuing credit derivatives, optimizing portfolios, and managing risks; however, reliance on limited data ranges and assumptions indicates research is required to enhance robustness.

LexicalMeaningQualityGraph

Matched: credit, markets

66match

Finding 29591 source

The study maps functions including asset storage, safe asset creation, and incentive management to entities like banks, mutual funds, SPVs, and private credit funds, extending Mertons approach with equilibrium analysis.

LexicalMeaningQualityGraph

Matched: credit, markets