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

Baum Christopher; Caglayan Mustafa; N Ozkan

doi:10.1016/j.econlet.2008.11.019

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

Baum Christopher, Caglayan Mustafa, N Ozkan

School of Accounting and Finance

Research output: Contribution to journal › Article (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 contribution	The second moments matter: The impact of macroeconomic uncertainty on the allocation of loanable funds
Original language	English
Pages (from-to)	87 - 89
Number of pages	3
Journal	Economics Letters
Volume	102
Issue number	2
DOIs	https://doi.org/10.1016/j.econlet.2008.11.019
Publication status	Published - 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

Access to Document

10.1016/j.econlet.2008.11.019

http://www.sciencedirect.com/science/article/pii/S016517650800311X

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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.",

author = "Baum Christopher and Caglayan Mustafa and N Ozkan",

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N2 - 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.

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M3 - Article (Academic Journal)

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