The loan puzzle : a study of loans to different groups in the USA.

Gianluca Cafiso

We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan puzzle: the unexpected increase of loans to firms in case of a monetary tightening. The analysis is based on a vector autoregression, estimated using Bayesian techniques, and has as object the US economy.

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Year of publication:	March 2020
Authors:	Cafiso, Gianluca
Publisher:	Munich, Germany : CESifo, Center for Economic Studies & Ifo Institute
Subject:	loan puzzle \| households \| corporate businesses \| non-corporate businesses \| VAR \| Bayesian estimation \| USA \| United States \| Kreditgeschäft \| Bank lending \| Kredit \| Credit \| VAR-Modell \| VAR model \| Schätzung \| Estimation \| Kreditrisiko \| Credit risk \| Bayes-Statistik \| Bayesian inference

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Extent:	1 Online-Ressource (circa 37 Seiten) Illustrationen
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 8175 (2020)
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
Other identifiers:	hdl:10419/216571 [Handle]
Classification:	E44 - Financial Markets and the Macroeconomy ; E51 - Money Supply; Credit; Money Multipliers ; G20 - Financial Institutions and Services. General ; G21 - Banks; Other Depository Institutions; Mortgages ; C11 - Bayesian Analysis
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012194423