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Social Sciences x Financial Institutions and Services x Macroeconomics: Consumption, Saving, Production, Employment, and Investment x Bankruptcy x clear all

Aggregate Implications of Corporate Debt Choices

Nicolas Crouzet.

in The Review of Economic Studies

July 2018; p ublished online October 2017 .

Journal Article. Subjects: Macroeconomics: Consumption, Saving, Production, Employment, and Investment; Banking; Bankruptcy. 27798 words.

Abstract

This article studies the transmission of financial shocks in a model where corporate credit is intermediated via both banks and bond markets. In...

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