Effect of zero lower bound on large firms financing in the Czech Republic

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F17%3A43911674" target="_blank" >RIV/62156489:43110/17:43911674 - isvavai.cz</a>
Alternative codes found
RIV/00216224:14560/17:00098237
Result on the web
<a href="https://is.muni.cz/do/econ/sborniky/70896034/Proceedungs_EFS2017-Draft.pdf" target="_blank" >https://is.muni.cz/do/econ/sborniky/70896034/Proceedungs_EFS2017-Draft.pdf</a>
DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Effect of zero lower bound on large firms financing in the Czech Republic
Original language description
The effect of monetary policy might be analyzed using several channels. One of these channels is known as the balance sheet channel and shows how monetary policy affects the credit portfolio of financial intermediaries as well as other economic agents. For instance, a contractionary monetary policy would affect banks' ability to grant loans, leading to credit rationing. This has implications for credit availability to borrowers, especially small-scale borrowers with less sophistication and collateral to back-up their loan demand. Most of the current studies aiming to analyze the balance sheet channel during the monetary tighten period. The purpose of our study is to investigate the changes in financial structure of Czech blue chips traded in the PSE during the period of zero lower bound. Firm-level financial data for Czech firms are gathered from Bloomberg terminal and Amadeus database and panel regression is employed to determinant how financing indicators react to monetary policy changes.
Czech name
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Czech description
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Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year
2017
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
European Financial Systems 2017: Proceedings of the 14th International Scientific Conference
ISBN
978-80-210-8609-8
ISSN
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e-ISSN
neuvedeno
Number of pages
6
Pages from-to
492-497
Publisher name
Masarykova univerzita
Place of publication
Brno
Event location
Brno
Event date
Jun 26, 2017
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
000418110700060

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