THE DEMAND FOR COMMERCIAL BANK LOANS AND THE LENDING RATE

被引：28

作者：

FASE, MMG ^{[1
]}

机构：

[1] UNIV AMSTERDAM,AMSTERDAM,NETHERLANDS

来源：

EUROPEAN ECONOMIC REVIEW | 1995年 / 39卷 / 01期

关键词：

BANK CREDIT; LENDING RATE; LATENT VARIABLES;

D O I：

10.1016/0014-2921(93)E0071-R

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents a two-equation structural model of short-term loans and the lending rate, estimated with quarterly data for the Netherlands. The emphasis is on the fact that the lending rate is observed as a zone rather than as a unique and directly measurable market price. An important empirical result is that the interest rate elasticity of loan demand is significant. This conclusive finding confirms the intuitive feeling with regard to the importance of the rate of interest for credit prevailing in the banking community, but is seldom found in empirical econometrics.

引用

页码：99 / 115

页数：17

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