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

Christopher Baum, Mustafa Caglayan () and Neslihan Ozkan

No 521, Boston College Working Papers in Economics from Boston College Department of Economics

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

Keywords: Loanable funds; macroeconomic uncertainty; panel data (search for similar items in EconPapers)
JEL-codes: C22 C23 D81 E51 (search for similar items in EconPapers)
Date: 2002-01-28, Revised 2008-08-31
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (11)

Published, Economics Letters, 102, 87-89, 2009.

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Journal Article: The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds (2009)
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Persistent link: https://EconPapers.repec.org/RePEc:boc:bocoec:521

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