haku: @author Wong, K. / yhteensä: 8
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| Tekijä: | Chang, E. Rhee, M.-W. Wong, K. |
| Otsikko: | A note on the spread between the rates of fixed and variable rate loans |
| Lehti: | Journal of Banking and Finance
1995 : NOV, VOL. 19:8, p. 1479-1488 |
| Asiasana: | LOANS BANKING VALUE THEORY |
| Kieli: | eng |
| Tiivistelmä: | An expression of the optimal expected spread between the rates of fixed and variable rate loans offered by a competitive risk-averse bank is derived. The authors find that the expected spread varies directly with the loyalty of the funding cost, the bank's degree of risk aversion, and the competitive profit margin on variable rate loans. The authors' analysis also characterizes the optimal mix of fixed and variable rate lending in a bank's loan portfolio. |
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