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

Baum Christopher, Caglayan Mustafa, N Ozkan

Research output: Contribution to journalArticle (Academic Journal)peer-review

30 Citations (Scopus)

Abstract

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 quarter-century period.
Translated title of the contributionThe second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds
Original languageEnglish
Pages (from-to)87 - 89
Number of pages3
JournalEconomics Letters
Volume102
Issue number2
DOIs
Publication statusPublished - Feb 2009

Bibliographical note

Title of Publication Reviewed: The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds
Author of Publication Reviewed: Neslihan Ozkan
Publisher: elsevier

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