Bank Markups, Horizontalism and the Significance of Banks’ Liquidity Prefererence: an Empirical Assessment

Mark Deriet and Mario Seccareccia

Chapter 14 in Money and Production, 2024, pp 267-291 from Edward Elgar Publishing

Abstract: The purpose of this paper is to assess whether the widely-held markup theory of interest rate determination, first put forth by Rousseas in the mid-1980s, is sufficiently robust empirically or whether one aspect of Keynesian liquidity preference theory, that which emphasized the role of bank’s liquidity preference, is significant in determining bank markups. This is done by studying Canadian observations of the interest rate structure and the latter’s relation to indicators of bank liquidity.

Keywords: Economics and Finance (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.elgaronline.com/doi/10.4337/9781035314034.00020 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Temporarily Unavailable

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: https://EconPapers.repec.org/RePEc:elg:eechap:22417_14

Ordering information: This item can be ordered from
http://www.e-elgar.com

Access Statistics for this chapter

More chapters in Chapters from Edward Elgar Publishing
Bibliographic data for series maintained by Darrel McCalla ().