The Changing Landscape of Corporate Credit

Nina Boyarchenko and Leonardo Elias

No 20240521, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Firms’ access to credit is a crucial determinant of their investment, employment, and overall growth decisions. While we usually think of their ability to borrow as determined by aggregate credit conditions, in reality firms have a number of markets where they can borrow, and conditions can vary across those markets. In this post, we investigate how the composition of debt instruments on U.S. firms’ balance sheets has evolved over the last twenty years.

Keywords: corporate credit; bond market; debt maturity (search for similar items in EconPapers)
JEL-codes: F30 F44 G15 G32 (search for similar items in EconPapers)
Date: 2024-05-21
New Economics Papers: this item is included in nep-cfn and nep-his
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