Artikel
Quantity versus price rationing of credit: An empirical test
One proxy of price rationing of credit is an aggregation of information on interest rates, while loan officer survey data measures quantity rationing of credit, meaning some borrowers are denied loans. The latter Granger causes real GDP but the former does not. The loan officer survey is a better leading indicator of credit market conditions that affect real activity.
- Sprache
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Englisch
- Erschienen in
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Journal: International Journal of Financial Studies ; ISSN: 2227-7072 ; Volume: 1 ; Year: 2013 ; Issue: 3 ; Pages: 45-53 ; Basel: MDPI
- Klassifikation
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Wirtschaft
Financial Markets and the Macroeconomy
Single Equation Models; Single Variables: Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Thema
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loan officer survey
quantity rationing of credit
vector autoregression (VAR)
- Ereignis
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Geistige Schöpfung
- (wer)
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Waters, George A.
- Ereignis
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Veröffentlichung
- (wer)
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MDPI
- (wo)
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Basel
- (wann)
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2013
- DOI
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doi:10.3390/ijfs1030045
- Handle
- Letzte Aktualisierung
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10.03.2025, 11:41 MEZ
Datenpartner
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Objekttyp
- Artikel
Beteiligte
- Waters, George A.
- MDPI
Entstanden
- 2013