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In this paper we relate a bank’s choice between retail and wholesale liabilities to real economic uncertainty and the … resulting volatility of bank loan volumes. We argue that since the volume of retail deposits is slow and costly to adjust to … shocks in the volume of bank assets, banks facing more intense uncertainty and more volatile loan demand tend to employ more …
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des langfristigen Marktzinsniveaus und der Zinsstruktur durch die Bundesbank ab. -- Umfangreiche empirische Analysen für … auf die Zinsstruktur, nicht jedoch auf das langfristige Marktzinsniveau nachweisbar ist, ergeben sich erhebliche Zweifel …
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, or fiscal theory of the price level properties. …
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