Asset and liabilities management in banks: an Empirical study of the link between the yield curve, credit lending and economic growth in the USA over 25 years

Philippe Jacquinot

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Abstract: This contribution indicates why deformations in the yield curve in the US have had an impact on the levels of bank lending and how fluctuations in bank lending have had a determining influence on economic growth. Based on movements observed over a 25-year period, the model is validated empirically. The study was undertaken in the context of research into bank lending and its effects on the economy. This field of research is of vital importance to players responsible for economic policy when the situation is normal, as well as during financial crises.

Date: 2010-02-25
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Published in 1st International Symposium in Computational Economics and Finance (ISCEF), Feb 2010, Sousse, Tunisia

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04275320

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