RT Journal Article
T1 Pricing and Usage: An Empirical Analysis of Lines of Credit.
A1 Durán-Muñoz, Miguel Ángel
K1 Crédito comercial
K1 Análisis financiero
K1 Empresas - Finanzas
AB The hypothesis that committed revolving credit lines with fixed spreads can provide firms with interest rate insurance is a standard feature of models on these credit facilities’ interest rate structure. Nevertheless, this hypothesis has not been tested. Its empirical examination is the main contribution of this paper. To perform this analysis, and given the unavailability of data, we hand-collect data on usage at the credit line level itself. The resulting dataset enables us also to take into account characteristics of credit lines that have been ignored by previous research. One of them is that credit lines can have simultaneously fixed and performance-based spreads.
PB Elsevier
YR 2017
FD 2017-09-06
LK https://hdl.handle.net/10630/29118
UL https://hdl.handle.net/10630/29118
LA eng
NO Miguel A. Duran, Pricing and usage: An empirical analysis of lines of credit, Journal of International Financial Markets, Institutions and Money, Volume 50, 2017, Pages 219-234, ISSN 1042-4431, https://doi.org/10.1016/j.intfin.2017.08.012
NO Política de acceso abierto tomada de: https://v2.sherpa.ac.uk/id/publication/13189?template=romeo
NO Spanish Ministry of Economics and Competitiveness (Project ECO2014-52345-P).
DS RIUMA. Repositorio Institucional de la Universidad de Málaga
RD 19 ene 2026