MONETARY-POLICY AND ASYMMETRIC RESPONSE IN DEFAULT RISK

Authors
KIM J NI S RATTI RA
Citation
J. Kim et al., MONETARY-POLICY AND ASYMMETRIC RESPONSE IN DEFAULT RISK, Economics letters, 60(1), 1998, pp. 83-90
Citations number
12
Categorie Soggetti
Economics
Journal title
Economics letters → ACNP
ISSN journal
01651765
Volume
60
Issue
1
Year of publication
1998
Pages
83 - 90
Database
ISI
SICI code
0165-1765(1998)60:1<83:MAARID>2.0.ZU;2-9
Abstract
In this empirical study, monetary tightening is found to significantly raise the default risk on Baa bonds absolutely and relative to the de fault risk on Aaa bonds. Monetary easing, however, does not have a sta tistically significant effect on either of these variables. (C) 1998 E lsevier Science S.A.