Quantity versus price rationing of credit : an empirical test

George A. Waters

One proxy of price rationing of credit is an aggregation of information on interest rates, while loan officer survey data measures quantity rationing of credit, meaning some borrowers are denied loans. The latter Granger causes real GDP but the former does not. The loan officer survey is a better leading indicator of credit market conditions that affect real activity.

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Year of publication:	2013
Authors:	Waters, George
Published in:	International Journal of Financial Studies : open access journal. - Basel : MDPI, ISSN 2227-7072, ZDB-ID 2704235-2. - Vol. 1.2013, 3, p. 45-53
Subject:	loan officer survey \| quantity rationing of credit \| vector autoregression (VAR) \| VAR-Modell \| VAR model \| Theorie \| Theory \| Kreditrationierung \| Credit rationing \| Kreditgeschäft \| Bank lending \| Schätzung \| Estimation

Extent:	graph. Darst.
Type of publication:	Article
Type of publication (narrower categories):	Aufsatz in Zeitschrift ; Article in journal
Language:	English
Notes:	Systemvoraussetzung: Acrobat Reader
Other identifiers:	10.3390/ijfs1030045 [DOI] hdl:10419/103590 [Handle]
Classification:	E44 - Financial Markets and the Macroeconomy ; C22 - Time-Series Models
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10010197489