Jiménez, Gabriel; Lopez, Jose A.; Saurina, Jesús - Federal Reserve Bank of San Francisco - 2007
FEDERAL RESERVE BANK OF SAN FRANCISCO
WORKING PAPER SERIES
Working Paper 2007-23
http://www.frbsf.org/publications/economics … their model, less competition among banks could result in higher interest rates charged
on business loans, which might …, but rising to a median value of 7% in 1993. These time dynamics are tied to the Spanish
business cycle, which experienced …