Commercial paper, corporate finance, and the business cycle: a microeconomic perspective

Carnegie-Rochester Confer. Series on Public Policy

Volumn 42, Issue C, 1995, Pages 203-250

  Calomiris, Charles W ^a   Himmelberg, Charles P ^b   Wachtel, Paul ^b  

^a University of Illinois Urbana Champaign Champaign IL 61820 National Bureau of Economic Research USA ^*

^b NEW YORK UNIVERSITY   (United States)

Author keywords

[No Author keywords available]

Indexed keywords

EID: 58149208604     PISSN: 01672231     EISSN: None     Source Type: Journal    
DOI: 10.1016/0167-2231(95)00034-W     Document Type: Article

References (67)

1. Non-Monetary Effects of the Financial Crisis in the Propagation of the Great Depression
2. On the Predictive Power of Interest Rates and Interest Rate Spreads
3. Contract Costs, Bank Loans, and the Cross-Monitoring Hypothesis
4. The Motivations for Loan Commitments Backing Commercial Paper
5. Regulation, Industrial Structure, and Instability in U.S. Banking: an Historical Perspective
6. Is the Discount Window Necessary: A Penn-Central Perspective
7. Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936–1937
8. The Farm Debt Crisis and Public Policy
9. The Role of Demandable Debt in Structuring Optimal Banking Arrangements
10. Inventory (Dis)Investment Internal Finance Fluctuations and the Business Cycle
11. The New England Textile Mills and the Capital Markets: a Study of Industrial Borrowing, 1840–1860
12. Financial Intermediation and Delegated Monitoring
13. Debt Maturity Structure and Liquidity Risk
14. Monitoring and Reputation The Choice Between Bank Loans and Directly Placed Debt
15. What's Different About Banks?
16. Financing Constraints and Corporate Investment
17. Investment Smoothing with Working Capital New Evidence on Financing Constraints
18. Defaults and Orderly Exists of Commercial Paper Issuers
19. Economic Activity and the Short-Term Credit Markets an Analysis of Prices and Quantities
20. Why Does the Paper-Bill Spread Predict Real Economic Activity?
21. The Role of Credit Market Imperfections in the Monetary Transmission Mechanism Arguments and Evidence
22. Monetary Policy Business Cycles and the Behavior of Small Manufacturing Firms
23. Financial Factors in Business Fluctuations
24. Financial Intermediaries and Liquidity Creation
25. Commercial Paper
26. Capital Structure and the Informational Role of Debt
27. The Commercial Paper Market
28. Imperfect Information Uncertainty and Credit Rationing
29. Are Bank Loans Different? Some Evidence from the Stock Market
30. The Rise and Fall of the Commercial Paper Market, 1900–1930
31. Credit Conditions and the Cyclical Behavior of Inventories
32. Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance
33. Finance and Growth Schumpeter Might Be Right
34. Informational Asymmetries Financial Structure and Financial Intermediation
35. Defaults and Orderly Exists of U.S. and European Commercial Paper Issuers
36. Do Firms Care Who Provides Their Financing?
37. Mercantile Credit Monetary Policy and the Size of Firms
38. Accounts Receivable Management Policy Theory and Evidence
39. The Benefits of Lending Relationships Evidence from Small Business Data
40. The Evolution of the U.S. Commercial Paper Market Since 1980
41. Insiders and Outsiders The Choice Between Relationship and Armslength Debt
42. Commercial Paper
43. Recent Developments in the Commercial Paper Market
44. Debt Maturity Choice and Risk-Free Assets: The “Clientele Effect” and the Commercial Paper Market
45. The Quality of Trade Credit
46. Trends and Cycles in the Commercial Paper Market
47. The Value of Bank Durability Borrowers as Bank Stakeholders
48. An Empirical Examination of Organizational Structure: The Economics of the Factoring Decision
49. Credit Rationing in Markets with Imperfect Information
50. New Indexes of Coincident and Leading Economic Indicators
51. Financial Intermediation and Growth: a Historical Comparison of the U.K., U.K., and Canada