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Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel

Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1093_rfs_hhad016

Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel

About this item

Full title

Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel

Publisher

Oxford University Press

Journal title

The Review of financial studies, 2023-09, Vol.36 (9), p.3738-3780

Language

English

Formats

Publication information

Publisher

Oxford University Press

More information

Scope and Contents

Contents

Abstract
We study the impact of the refinancing channel of monetary policy on very small and medium-sized businesses. Using data covering the near universe of these businesses, we find that increased household refinancing reduces the probability that a business exits or exhausts its debt capacity in the calendar year, as well as 6 years after th...

Alternative Titles

Full title

Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel

Authors, Artists and Contributors

Identifiers

Primary Identifiers

Record Identifier

TN_cdi_crossref_primary_10_1093_rfs_hhad016

Permalink

https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_crossref_primary_10_1093_rfs_hhad016

Other Identifiers

ISSN

0893-9454

E-ISSN

1465-7368

DOI

10.1093/rfs/hhad016

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