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

Kód výsledku v 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>

Nalezeny alternativní kódy

RIV/00216224:14560/17:00098237

Výsledek na webu

<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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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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&apos; 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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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&apos; 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.

Druh

D - Stať ve sborníku

CEP obor

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OECD FORD obor

50204 - Business and management

Projekt

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Návaznosti

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Rok uplatnění

2017

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

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

Počet stran výsledku

6

Strana od-do

492-497

Název nakladatele

Masarykova univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

26. 6. 2017

Typ akce podle státní příslušnosti

WRD - Celosvětová akce

Kód UT WoS článku

000418110700060