Bank Markups, Horizontalism and the Significance of Banks's Liquidity Preference: An Empirical Assessment

M. Deriet and Mario Seccareccia ()

Working Papers from University of Ottawa, Department of Economics

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 emphasizes the role of banks'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: BANKS; LIQUIDITY; TAUX D'INTERET (search for similar items in EconPapers)
JEL-codes: E40 E43 G20 G21 (search for similar items in EconPapers)
Pages: 23 pages
Date: 1996
References: Add references at CitEc
Citations: View citations in EconPapers (2)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:ott:wpaper:9601e

Access Statistics for this paper

More papers in Working Papers from University of Ottawa, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Aggey Semenov ().