Corporate credit markets, financial institutions, and business cycles
| Reference number | |
| Coordinator | Handelshögskolan i Stockholm - Institutionen för finansiell ekonomi |
| Funding from Vinnova | SEK 130 029 |
| Project duration | November 2013 - October 2014 |
| Status | Completed |
Purpose and goal
Objectives of the subprojects include (1) to improve the measurement of fluctuations in credit supply to companies, (2) to understand the drivers of variability and cyclicality of the credit system, and (3) to identify the institutional drivers of working credit markets. It is too early to assess the extent to which these objectives will be met, then only the initial part of the project started. Several sub-projects have progressed beyond initial expectations.
Results and expected effects
The project goal is to publish results in journals, primarily leading academic journals in the field of finance. Ultimately, this work aims to influence and help both businesses and public policymakers. Specific research will hopefully underpin and support the regulatory, legislative and policy work benefiting credit markets. Similarly, companies can in principle benefit from the results. It is difficult, however, to predicct in advance what specific research will have results that are the most useful in this sense.
Approach and implementation
Several sub-projects have advanced further than expected, and working papers have been produced. Several presentations have been made. Two papers are expected to be sent to journals for in 2014.