Research Discussion Paper – RDP 2022-05 The Real Effects of Debt Covenants: Evidence from Australia


I would like to thank Nalini Agarwal, Benjamin Beckers, Leon Berkelmans, James Bishop, Anthony Brassil, Deborah Cobb-Clark, Thomas Cusbert, Thomas Drechsel, Jonathan Hambur, Calvin He, Patrick Hendy, Gianni La Cava, Gulnara Nolan, David Orsmond, Gabrielle Penrose, Matthew Read, John Simon, Aarti Singh, Faisal Sohail, Brian Tran, Tristan Truuvert and Ben Wang for their feedback. The views expressed in this paper are those of the author and do not necessarily reflect the views of the Reserve Bank of Australia. The author is solely responsible for any errors.