Bhargava, Apoorv; Górnicka, Lucyna; Xie, Peichu - 2023
mortgage portfolios. Second, we compute three country-level measures of the riskiness of corporate credit allocation based on … during a credit expansion is followed by an increase in riskiness of corporate credit. These effects are quantitatively … meaningful: the riskiness of corporate credit increases by around 10 percent of the historical standard deviation following an …