Financial Accelerator Effects in the Balance Sheets of Czech Firms
dc.contributor.author | Horváth, Roman | en_US |
dc.date.accessioned | 2007-10-25T20:13:19Z | |
dc.date.available | 2007-10-25T20:13:19Z | |
dc.date.issued | 2006-11-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2006-847 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/57227 | en_US |
dc.description.abstract | The 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.extent | 203170 bytes | |
dc.format.extent | 1802 bytes | |
dc.format.mimetype | application/pdf | |
dc.format.mimetype | text/plain | |
dc.relation.ispartofseries | 847 | en_US |
dc.subject | Balance Sheet Channel, Financial Accelerator, Interest Rates, Monetary Policy Transmission | en_US |
dc.subject.other | G11, G32 | en_US |
dc.title | Financial Accelerator Effects in the Balance Sheets of Czech Firms | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.contributor.affiliationum | William Davidson Institute | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/57227/1/wp847 .pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
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.