Did the financial crisis of 2007-2009 affect financial and nonfinancial firms to the same extent? For the

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Did the financial crisis of 2007-2009 affect financial and nonfinancial firms to the same extent? For the period beginning in 2006, plot the spread between the interest rates on three-month non-financial commercial paper (FRED code: CPN3M) and three-month Treasury bills (FRED code: TB3MS). Plot a similar spread using the interest rates on three-month financial commercial paper (FRED code: CPF3M) and Treasury bills (FRED code: TB3MS). Compare the evolution of these two spreads.

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Money Banking and Financial Markets

ISBN: 978-0078021749

4th edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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