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The Comovement between Credit Spreads, Corporate Debt and Liquid Assets in Recent Crises
Abstract: Credit spreads rose sharply during the 2008 financial crisis and the COVID-19 crisis. But their movement with corporate debt and liquid assets differed during those two periods.
Keywords: Financial Crisis of 2008; COVID-19; corporate debt; liquid assets; credit spreads;
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https://www.stlouisfed.org/on-the-economy/2021/november/comovement-credit-spreads-debt-assets-crises
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Source: On the Economy
Publication Date: 2021-11-09