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- W1938974071 abstract "The paper examines a financial accelerator mechanism in analyzing determinants of corporate interest rates. Using a panel of the financial statements of 448 Czech firms from 1996–2002, we find that balance sheet indicators matter interest rates paid by firms. Market access is particularly important in this regard. The strength of corporate balance sheets seem to vary with firm size. There is also evidence that monetary policy has a stronger effect on smaller than on larger firms. On the other hand, we find no asymmetry in the monetary policy effects over the business cycle." @default.
- W1938974071 created "2016-06-24" @default.
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- W1938974071 date "2006-01-01" @default.
- W1938974071 modified "2023-09-27" @default.
- W1938974071 title "Financial Accelerator Effects in the Balance Sheets of Czech Firms" @default.
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- W1938974071 doi "https://doi.org/10.2139/ssrn.945635" @default.
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