The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds

被引：65

作者：

Baum, Christopher F. ^{[1
,2
]}

Caglayan, Mustafa ^{[3
]}

Ozkan, Neslihan ^{[4
]}

机构：

[1] Boston Coll, Dept Econ, Chestnut Hill, MA 02467 USA

[2] DIW Berlin, Mfg Serv, Dept Innovat, Berlin, Germany

[3] Univ Sheffield, Dept Econ, Sheffield S10 2TN, S Yorkshire, England

[4] Univ Bristol, Dept Econ, Bristol BS8 1TH, Avon, England

来源：

ECONOMICS LETTERS | 2009年 / 102卷 / 02期

关键词：

Bank lending; Loanable funds; Macroeconomic uncertainty; Panel data; BANKS; RISK;

D O I：

10.1016/j.econlet.2008.11.019

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper investigates how variations in macroeconomic uncertainty distort commercial banks' allocation of loanable funds by analyzing the dispersion of banks' total loan-to-asset ratios over a quarter-century period. (c) 2008 Elsevier B.V. All rights reserved.

引用

页码：87 / 89

页数：3

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