Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel
Monetary Policy, Business Liquidity and Survival: Evidence from the Refinancing Channel
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Author / Creator
Publisher
Oxford University Press
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Language
English
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Publisher
Oxford University Press
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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
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Author / Creator
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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
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ISSN
0893-9454
E-ISSN
1465-7368
DOI
10.1093/rfs/hhad016