Do Banks Lend Less in Uncertain Times?

We study the development of bank lending in the USA after four large jumps in uncertainty using an event study approach. We find that more liquid banks slow down and lend less after a surge in uncertainty. Lending by smaller banks is also less responsive to increases in uncertainty, which points to...

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Bibliographic details
Volume: 84
Main Author: Raunig, Burkhard
Scharler, Johann
Sindermann, Friedrich
Format: Journal Article
Language: English
Zielgruppe: Academic
Place of publication: HOBOKEN WILEY 01.10.2017
Wiley Subscription Services, Inc
published in: Economica (London) Vol. 84; no. 336; pp. 682 - 711
Data of publication: October 2017
ISSN: 0013-0427
EISSN: 1468-0335
Discipline: Economics
Online Access: Fulltext
Database: Social Sciences Citation Index
Web of Science - Social Sciences Citation Index - 2017
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