haku: @author Coudert, V. / yhteensä: 6
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| Tekijä: | Barran, F. Coudert, V. Mojon, B. |
| Otsikko: | Interest rates, banking spreads and credit supply: The real effects |
| Lehti: | European Journal of Finance
1997 : JUN, VOL. 3:2, p. 107-136 |
| Asiasana: | BANKING INTEREST RATES CREDIT SUPPLY |
| Kieli: | eng |
| Tiivistelmä: | Spreads and interest rates can be used as leading indicators of real activity in the five countries under consideration. This is particularly the case of bank spreads and interest rates introduced in Granger causality tests of real variables. The weak information of monetary aggregates on real variables that was found in the US and Germany strengthens the opportunity of having alternative financial leading indicators of activity. Using interest rates and spreads to evaluate the stance of monetary policy might be of interest to central bank in order to achieve its final objective. The predective power of bank spreads allows hypotheses to be made concerning the channels between finance and real activity. |
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