Quantity versus price rationing of credit: An empirical test

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 A.
Published in:	International Journal of Financial Studies. - Basel : MDPI, ISSN 2227-7072. - Vol. 1.2013, 3, p. 45-53
Publisher:	Basel : MDPI
Subject:	loan officer survey \| quantity rationing of credit \| vector autoregression (VAR)

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Type of publication:	Article
Type of publication (narrower categories):	Article
Language:	English
Other identifiers:	10.3390/ijfs1030045 [DOI] 770862403 [GVK] hdl:10419/103590 [Handle]
Classification:	E44 - Financial Markets and the Macroeconomy ; C22 - Time-Series Models
Source:	EconStor

Persistent link: https://www.econbiz.de/10010421254