Corporate credit markets, financial institutions, and business cycles
| Reference number | |
| Coordinator | Handelshögskolan i Stockholm - Institutionen för finansiell ekonomi |
| Funding from Vinnova | SEK 975 000 |
| Project duration | November 2014 - December 2017 |
| Status | Completed |
Purpose and goal
The project has been succesful. All publications have been in selective finance journals (three of four publications in the most selective tier of journals), which must be considered a success. The work has already had impact with the financial sector and policy makers.
Expected results and effects
Especially the work with the European sovereign debt crisis 2011-2012 has served as important input for central banks and other policy makers in Europe. How insolvency impacts credit market stability and depth has been discussed with policy makers in Sweden and abroad. A chapter in the SNS Report for 2015 was based on this work. The work with understanding cyclical patterns in credit markets and the institutions that underpin credit markets continues.
Planned approach and implementation
The work proceeded according to plan. personnel costs were lower, and data purchases higher, than originally planned, which facilitated effective empirical work.