Does Bank Lending Affect Output? Evidence from an Emerging Market
| Autor: | Samer A. M. Al-Rjoub |
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| Rok vydání: | 2006 |
| Předmět: | |
| Zdroj: | SSRN Electronic Journal. |
| ISSN: | 1556-5068 |
| Popis: | Bank-level data is aggregated to test whether changes in bank loan supply affect output. Money demand shocks, money supply shocks and loan supply shocks are used as instruments. Using these shocks as an instrumental variable, we find that shocks to loan supply have large and statistically significant effects on the supply of bank loans, but money demand and supply shocks have statistically insignificant effects on output. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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