What drives issue spreads on commercial paper?: Evidence from New Zealand commercial paper tenders

What drives issue spreads on commercial paper?: Evidence from New Zealand commercial paper tenders

Purpose – This paper aims to examine how issue spreads are determined in the New Zealand commercial paper market both before and after the onset of the global financial crisis. Design/methodology/approach – This paper uses regression analysis on data from 1,340 commercial paper tenders conducte...

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Bibliographic Details
Main Author: Poskitt, Russell
Format: Journal Article
Published: Emerald Group Publishing 2013
Subjects:
Financial crisis
Credit ratings
Liquidity premium
Issue spreads
Commercial paper
Credit risk
Online Access:http://www.emeraldinsight.com/doi/full/10.1108/PAR-02-2012-0004
http://hdl.handle.net/20.500.11937/40854

Internet

http://www.emeraldinsight.com/doi/full/10.1108/PAR-02-2012-0004
http://hdl.handle.net/20.500.11937/40854

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