Author:
Boyarchenko Nina,Elias Leonardo
Abstract
Comprehensive granular data on firms’ access to international credit markets and its determinants is instrumental to answering a wide set of questions in international macroeconomics and finance. We describe how to put together data on primary market issuance and secondary market pricing, how to track debt securities over their lifetimes on firms’ balance sheets, and how to collect data on issuers’ financial statements. We argue that choices that need to be made in collating comprehensive information on debt market activity have non-trivial consequences for the measurement of key credit market outcomes.
Publisher
Federal Reserve Bank of New York
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1. The Global Credit Cycle;Staff Reports (Federal Reserve Bank of New York);2024-03