Question
Did the financial crisis of 2007-2009 affect financial and nonfinancial firms to the same extent? For the period starting in August 2006 to present, plot
Did the financial crisis of 2007-2009 affect financial and nonfinancial firms to the same extent? For the period starting in August 2006 to present, plot thespreadbetween the interest rates on three-month non-financial commercial paper and three-month Treasury bills. On the same graph, plot a similar spread using the interest rates on three-month financial commercial paper and Treasury bills. Compare the evolution of these two spreads and comment on which commercial paper was perceived as riskier by the market during the crisis and why - enter your comments in a text box
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