Clair, Robert T.; Tucker, Paula - In: Economic and Financial Policy Review (1993) Sep, pp. 1-19
Bank lending typically moves with the business cycle. In Texas from 1987 to 1992, however, bank loans declined while nonagricultural employment rose. Robert T. Clair and Paula Tucker consider this evidence of a constrained supply of bank loans, or credit crunch. ; Clair and Tucker find that...