Lending Standards and Output Growth

Lending Standards and Output Growth
While some credit booms are followed by economic underperformance, many are not. Can lending standards help separate good credit booms from bad credit booms contemporaneously? To observe lending standards internationally, I use information from primary debt capital markets. I construct the high-yield (HY) share of bond issuance for a panel of 38... READ MORE...

Publication date: January 2018
ISBN 9781484339671
$18.00

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