---
title: Credit Cycles & Returns
url: https://www.ml-quant.com/papers/repec/inm-ormnsc-v-68-y-2022-i-10-p-7350-7361/
site: ML-Quant (https://www.ml-quant.com)
updated: 2026-09-26
license: Summaries CC BY 4.0; links go to the original sources
index: https://www.ml-quant.com/llms.txt
identifier: RePEc:inm:ormnsc:v:68:y:2022:i:10:p:7350-7361
source_url: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fdx.doi.org%2F10.1287%2Fmnsc.2022.4508%3Bh%3Drepec%3Ainm%3Aormnsc%3Av%3A68%3Ay%3A2022%3Ai%3A10%3Ap%3A7350-7361
featured: 2023-08-24
citations: unknown
topic: Risk, Credit & Banking
---


# Credit Cycles & Returns

Research indicates that high leverage credit booms often lead to lower returns on risky equities, while fixed income provides slightly higher returns as a safer option.

- Source: https://econpapers.repec.org/scripts/redir.pf?u=http%3A%2F%2Fdx.doi.org%2F10.1287%2Fmnsc.2022.4508%3Bh%3Drepec%3Ainm%3Aormnsc%3Av%3A68%3Ay%3A2022%3Ai%3A10%3Ap%3A7350-7361
- Identifier: RePEc:inm:ormnsc:v:68:y:2022:i:10:p:7350-7361
- Released: 2022-07-08
- First featured: Quant Letter No. 13 (2023-08-24): https://www.ml-quant.com/issues/2023-08-24/
- Citations (Semantic Scholar): not tracked
- Published in: not yet
- Topic: Risk, Credit & Banking

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