Series: IMF Working Papers
Author(s): Senay Agca , and Deniz Igan
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 February 2013
Keywords: cost of credit, loan spreads, fiscal consolidations, spending cuts, fiscal policy, Firm, General,
We examine how the cost of corporate credit varies around fiscal consolidations aimed at reducing government debt. Using a new dataset on fiscal consolidations and syndicated corporate loan data, we find that loan...