Bond spreads and economic activity in eight European economies
We provide new insights into the relationship between financial market tightness and real activity, using a new database of corporate bonds issued in eight European countries. Bond spreads have a significant negative relationship with four real activity variables at horizons 1–8 quarters ahead. The...
| Main Authors: | , , |
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| Format: | Article |
| Published: |
Wiley
2016
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| Online Access: | https://eprints.nottingham.ac.uk/32916/ |