Why do bank loans react with a delay to shifts in interest rates? A bank capital explanation

作者: José Jorge

DOI: 10.1016/J.ECONMOD.2009.01.003

关键词:

摘要: Abstract We advance an explanation for the delay in response of volume bank loans to innovations monetary policy. Capital requirements may effectively tie evolution credit equity. By uncovering a new mechanism by which shifts interest rates affect profitability banking sector, and turn its equity, we find that resulting movements amount aggregate are consistent with regularities observed data.

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