Liquidity in Asian Financial Markets: Crowding Out or Spillover Effect
نویسندگان
چکیده
منابع مشابه
Financial Crowding Out
Using a novel dataset of accounting and market information that spans most publicly traded firms over the last century, we show that government deficit financing crowds out nonfinancial corporate debt financing and investment. Specifically, an increase in the supply of treasury debt is associated with a significant reduction in corporate leverage, debt issuances, and investment, but no signific...
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ژورنال
عنوان ژورنال: Applied Finance Letters
سال: 2020
ISSN: 2253-5802,2253-5799
DOI: 10.24135/afl.v9i2.251