Many empirical studies over the past three decades or so have reported estimates of the determinants of consumption, investment and the demand for money. This article summarizes recent Bank work that seeks to understand more fully the demand for bank and building society loans, and the...

This paper investigates the interactions between investment, money holding and bank borrowing by private non-financial corporations (PNFCs). Long-run relationships are identified for investment, money and borrowing, and the dynamics indicate the existence of feedbacks from money and credit...

This paper investigates the interactions between investment, money holding and bank borrowing by private non-financial corporations (PNFCs). Long-run relationships are identified for investment, money and borrowing, and the dynamics indicate the existence of feedbacks from money and credit...

In this paper we consider the additional information to be derived from modelling lending, investment and money in a jointly determined system of equations. We allow demand- and supply-side effects to influence the money, investment and lending equations. Using UK corporate data, we find...

In this paper we consider the additional information to be derived from modelling lending, investment and money in a jointly determined system of equations. We allow demand- and supply-side effects to influence the money, investment and lending equations. Using UK corporate data, we find...