How Long to Read Why Do Bank-Dependent Firms Bear Interest-Rate Risk?
By Divya Kirti
How Long Does it Take to Read Why Do Bank-Dependent Firms Bear Interest-Rate Risk??
It takes the average reader and 57 minutes to read Why Do Bank-Dependent Firms Bear Interest-Rate Risk? by Divya Kirti
Assuming a reading speed of 250 words per minute. Learn more
Description
I document that floating-rate loans from banks (particularly important for bank-dependent firms) drive most variation in firms' exposure to interest rates. I argue that banks lend to firms at floating rates because they themselves have floating-rate liabilities, supporting this with three key findings. Banks with more floating-rate liabilities, first, make more floating-rate loans, second, hold more floating-rate securities, and third, quote lower prices for floating-rate loans. My results establish an important link between intermediaries' funding structure and the types of contracts used by non-financial firms. They also highlight a role for banks in the balance-sheet channel of monetary policy.
How long is Why Do Bank-Dependent Firms Bear Interest-Rate Risk??
Why Do Bank-Dependent Firms Bear Interest-Rate Risk? by Divya Kirti is 56 pages long, and a total of 14,336 words.
This makes it 19% the length of the average book. It also has 18% more words than the average book.
How Long Does it Take to Read Why Do Bank-Dependent Firms Bear Interest-Rate Risk? Aloud?
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 18 minutes to read Why Do Bank-Dependent Firms Bear Interest-Rate Risk? aloud.
What Reading Level is Why Do Bank-Dependent Firms Bear Interest-Rate Risk??
Why Do Bank-Dependent Firms Bear Interest-Rate Risk? is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
When deciding what to show young students always use your best judgement and consult a professional.
Where Can I Buy Why Do Bank-Dependent Firms Bear Interest-Rate Risk??
Why Do Bank-Dependent Firms Bear Interest-Rate Risk? by Divya Kirti is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.
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