A tale of fragmentation: Corporate funding in the euro-area bond market

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• 作者：Andrea Zaghini ^{andrea.zaghini@bancaditalia.it}
• 关键词：G15 ; G32 ; G38
• 刊名：International Review of Financial Analysis
• 出版年：2017
• 出版时间：January 2017
• 年：2017
• 卷：49
• 期：Complete
• 页码：59-68
• 全文大小：938 K
• 卷排序：49

文摘

Assessment of the degree of market fragmentation in the euro-area corporate bond market Analysis of the determinants of the risk premium paid on bonds at origination Ability to isolate idiosyncratic country-specific effects Evidence of possible credit risk misjudgment in the market Different funding costs between non-financial corporations and banks