Economics at your fingertips  

Is there a financial accelerator in US banking?: Evidence from the cyclicality of banks' price-cost margins

Roger Aliaga-Diaz () and Maria Olivero ()

Economics Letters, 2010, vol. 108, issue 2, 167-171

Abstract: We show that price-cost margins for US banks are consistently countercyclical, even after controlling for credit risk, the term structure of interest rates and monetary policy. This evidence supports the existence of a "financial accelerator" in US banking.

Keywords: Banks'; price-cost; margins; RBC; Financial; accelerator (search for similar items in EconPapers)
Date: 2010
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (25) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Economics Letters is currently edited by Economics Letters Editorial Office

More articles in Economics Letters from Elsevier
Bibliographic data for series maintained by Nithya Sathishkumar ().

Page updated 2021-04-09
Handle: RePEc:eee:ecolet:v:108:y:2010:i:2:p:167-171