Corporate Loan Spreads and Economic Activity

We investigate the predictive power of loan spreads for forecasting business cycles, specifically focusing on more constrained, intermediary-reliant firms. We introduce a novel loan-market-based credit spread constructed using secondary corporate loan-market prices over the 1999 to 2023 period. Loan...

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Veröffentlicht in:	The Review of financial studies 2025-02, Vol.38 (2), p.507-546
Hauptverfasser:	Saunders, Anthony, Spina, Alessandro, Steffen, Sascha, Streitz, Daniel
Format:	Artikel
Sprache:	eng
Online-Zugang:	Volltext
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