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
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