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| Tekijä: | Brewer, E. III Minton, B.A. Moser, J.T. |
| Otsikko: | Interest-rate derivatives and bank lending |
| Lehti: | Journal of Banking and Finance
2000 : MAR, VOL. 24:3, p. 353-379 |
| Asiasana: | Interest rates Bank lending Swaps Mathematical models |
| Vapaa asiasana: | Derivatives |
| Kieli: | eng |
| Tiivistelmä: | We study the relationship between bank participation in derivatives contracting and bank lending for the period 30 June 1985 through the end of 1992. Interest-rate derivatives gave banks opportunities to manage their interest-rate exposure and to generate revenue beyond that available from traditional bank operations. While banks have become more active participants in the derivative products markets, their role as credit providers has diminished. We find that banks using interest-rate derivatives experience greater growth in their commercial and industrial loan portfolios than banks that do not use these financial instruments. |
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