The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds
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.
Year of publication: |
2009
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Authors: | Baum, Christopher F. ; Caglayan, Mustafa ; Ozkan, Neslihan |
Published in: |
Economics Letters. - Elsevier, ISSN 0165-1765. - Vol. 102.2009, 2, p. 87-89
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Publisher: |
Elsevier |
Keywords: | Bank lending Loanable funds Macroeconomic uncertainty Panel data |
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