We present our efforts to develop bank-specific models to test for the presence of mortgage lending discrimination. We discuss the potential for selection and simultaneity biases and delineate the conditions under which a single-equation model is appropriate. The results from three national...

We present our efforts to develop bank-specific models to test for the presence of mortgage lending discrimination. We discuss the potential for selection and simultaneity biases and delineate the conditions under which a single-equation model is appropriate. The results from three national...

The hypothesis that the banking system consists of firms that use the same production technology is tested and rejected in this study. Six groupings of the population of commercial banks are identified using cluster analysis. The banks are grouped to reflect similar production technologies...

In this paper we report that, although medium-maturity loans originated under the SBA 7(a) loan guarantee program are targeted to small firms that fail to obtain credit through conventional channels, the default experience is comparable to that of a large percentage of loans held by larger...

In this paper, the authors develop a neoclassical growth model to test the impact of an increase in bond financed government expenditures on private spending. The key issue concerns the effect that an increase in government debt has on private spending under the assumption of both complete and...