The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds

Christopher Baum, Mustafa Caglayan () and Neslihan Ozkan

Economics Letters, 2009, vol. 102, issue 2, 87-89

Abstract: This paper investigates how variations in macroeconomic uncertainty distort commercial banks' allocation of loanable funds by analyzing the dispersion of banks' total loan-to-asset ratios over a quarter-century period.

Keywords: Bank; lending; Loanable; funds; Macroeconomic; uncertainty; Panel; data (search for similar items in EconPapers)
Date: 2009
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Citations: View citations in EconPapers (49)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:102:y:2009:i:2:p:87-89

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