Show simple item record

Financial Accelerator Effects in the Balance Sheets of Czech Firms

dc.contributor.authorHorváth, Romanen_US
dc.date.accessioned2007-10-25T20:13:19Z
dc.date.available2007-10-25T20:13:19Z
dc.date.issued2006-11-01en_US
dc.identifier.otherRePEc:wdi:papers:2006-847en_US
dc.identifier.urihttps://hdl.handle.net/2027.42/57227en_US
dc.description.abstractThe paper examines a financial accelerator mechanism in analyzing determinants of corporate interest rates. Using a panel of the financial statements of 448 Czech firms from 1996-2002, we find that balance sheet indicators matter for the interest rates paid by firms. Market access is particularly important in this regard. The strength of corporate balance sheets seem to vary with firm size. There is also evidence that monetary policy has a stronger effect on smaller than on larger firms. On the other hand, we find no asymmetry in the monetary policy effects over the business cycle.en_US
dc.format.extent203170 bytes
dc.format.extent1802 bytes
dc.format.mimetypeapplication/pdf
dc.format.mimetypetext/plain
dc.relation.ispartofseries847en_US
dc.subjectBalance Sheet Channel, Financial Accelerator, Interest Rates, Monetary Policy Transmissionen_US
dc.subject.otherG11, G32en_US
dc.titleFinancial Accelerator Effects in the Balance Sheets of Czech Firmsen_US
dc.typeWorking Paperen_US
dc.subject.hlbsecondlevelEconomicsen_US
dc.subject.hlbtoplevelBusinessen_US
dc.contributor.affiliationumWilliam Davidson Instituteen_US
dc.description.bitstreamurlhttp://deepblue.lib.umich.edu/bitstream/2027.42/57227/1/wp847 .pdfen_US
dc.owningcollnameWilliam Davidson Institute (WDI) - Working Papers


Files in this item

Show simple item record

Accessibility: If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.