Series: IMF Working Papers
Author(s): Seung Lee , Lucy Qian Liu , and Viktors Stebunovs
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 27 January 2017
Keywords: International financial markets, Regression analysis, Credit risk, Monetary policy, Loans, Interest rates on loans, United States, Spillovers, Syndicated loans, risk taking
We study how low interest rates in the United States affect risk taking in the market of crossborder leveraged corporate loans. To the extent that actions of the Federal Reserve affect U.S. interest rates, our anal...