Empiral analysis of corporate credit lines
By: Gabriel Jiménez, Jose A. Lopez, Jesús Saurina
Contributors: Lopez, Jose A.; Saurina, Jesús; Federal Reserve Bank of San Francisco
Series: FRBSF working paper -- 2007-14; FRBSF working paper (Online) -- #2007-14.
Publisher: Federal Reserve Bank of San Francisco
Published: 2007
Place of publication: San Francisco]
Language: eng
Format: [electronic resource] /
Description: Since bank credit lines are a major source of corporate funding and liquidity, we examine the  determinants of credit line usage with a database of Spanish corporate credit lines. A line's  default status is the primary factor driving its usage, which increases as a firm approaches  default. Several lender characteristics suggest an important role for bank monitoring in firms'  usage decisions. Credit line usage is found to be inversely related to macroeconomic  conditions. Overall, while several factors influence corporate credit line usage, our analysis  suggests that default and supply-side variables are the most important.
Notes: Title from PDF file (viewed on Sept. 13, 2007).

"June 2007."

Includes bibliographical references.

Also available in print.

System requirements: Adobe Acrobat Reader.

Mode of access: World Wide Web.