Front Matter

Front Matter Page

Research Department


  • I. Introduction

  • II. Background on the Potential Channels of Transmission

  • III. Data and Methodology

    • A. Data

      • Fiscal Consolidation Measure

      • Loan and Firm Characteristics

      • Country Characteristics

    • B. Methodology

  • IV. Empirical Findings

    • A. Descriptive Statistics

    • B. Baseline Regressions

    • C. Firm and Loan Characteristics

    • D. Country Conditions

    • E. Composition of Fiscal Consolidation Packages

    • F. Alternative Specifications and Robustness

  • V. Conclusions

  • References

Fiscal Consolidation and the Cost of Credit: Evidence from Syndicated Loans
Author: Ms. Senay Agca and Ms. Deniz O Igan