The Effects of Single Monetary Policy on Financial Position of Firms in the Slovak Republic

Autoři

KAJUROVÁ Veronika LINNERTOVÁ Dagmar

Rok publikování 2018
Druh Článek v odborném periodiku
Časopis / Zdroj Ekonomický časopis
Fakulta / Pracoviště MU

Ekonomicko-správní fakulta

Citace
www https://www.sav.sk/journals/uploads/0821095907%2018%20Kajurova-Linnertova%20+%20RS.pdf
Klíčová slova financial position; low interest rates; monetary policy; negative interest rates
Přiložené soubory
Popis The European Central Bank started to stimulate Eur opean economies in 2009 since the countries of the European Union have been facing a low growth and low inflation after both the global financial and s overeign debt crisis. The aim of the paper is to evaluate the effects of very low and negative interest rates on the financial position of manufacturing firms in th e Slovak Republic using the balance sheet channel. The results confirm that fir m-specific determinants affect the capital structure of firms. When assessing the impact of monetary policy on the financial structure in the environment of low i nterest rates, our findings sup- port the existence of the balance sheet channel in the Slovak Republic, which is apparent in short-term structure.
Související projekty:

Používáte starou verzi internetového prohlížeče. Doporučujeme aktualizovat Váš prohlížeč na nejnovější verzi.