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
收藏
页码：87 / 89
页数：3
相关论文
共 50 条
  • [1] ASSESSING THE IMPACT OF THE ALLOCATION OF BUDGET FUNDS ON THE MAIN MACROECONOMIC INDICATORS IN ROMANIA
    Sponte , Maria
    SCIENTIFIC PAPERS-SERIES MANAGEMENT ECONOMIC ENGINEERING IN AGRICULTURE AND RURAL DEVELOPMENT, 2018, 18 (02) : 445 - 448
  • [2] Macroeconomic uncertainty: does it matter for commodity prices?
    Yin, Libo
    Han, Liyan
    APPLIED ECONOMICS LETTERS, 2014, 21 (10) : 711 - 716
  • [3] The macroeconomic impact of financial and uncertainty shocks
    Caldara, Dario
    Fuentes-Albero, Cristina
    Gilchrist, Simon
    Zakrajsek, Egon
    EUROPEAN ECONOMIC REVIEW, 2016, 88 : 185 - 207
  • [4] The optimal dynamic allocation of conservation funds under financial uncertainty
    Drechsler, Martin
    Waetzold, Frank
    ECOLOGICAL ECONOMICS, 2007, 61 (2-3) : 255 - 266
  • [5] The impact of energy price uncertainty on macroeconomic variables
    Punzi, Maria Teresa
    ENERGY POLICY, 2019, 129 : 1306 - 1319
  • [6] Brexit and the macroeconomic impact of trade policy uncertainty
    Steinberg, Joseph B.
    JOURNAL OF INTERNATIONAL ECONOMICS, 2019, 117 : 175 - 195
  • [7] On the macroeconomic impact of NGEU funds and its propagation through the production network
    Fernandez-Cerezo, Alejandro
    Moral-Benito, Enrique
    Quintana, Javier
    ECONOMIC MODELLING, 2024, 132
  • [8] Propagation of uncertainty: Expressions of second and third order uncertainty with third and fourth moments
    Mekid, S.
    Vaja, D.
    MEASUREMENT, 2008, 41 (06) : 600 - 609
  • [9] Impact of macroeconomic policy uncertainty on opportunistic insider trading
    Cai, Chun
    Bao, Ruixue
    Wang, Peng
    Yang, Huiyan
    CHINA JOURNAL OF ACCOUNTING RESEARCH, 2022, 15 (04)
  • [10] THE IMPACT OF MACROECONOMIC UNCERTAINTY ON FIRMS' CHANGES IN FINANCIAL LEVERAGE
    Baum, Christopher F.
    Chakraborty, Atreya
    Liu, Boyan
    INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS, 2010, 15 (01) : 22 - 30
12345