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

نویسندگان

  • Christopher F Baum
  • Mustafa Caglayan
  • Neslihan Ozkan
چکیده

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 quartercentury period. JEL: C22, C23, D81, E51.

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تاریخ انتشار 2008