Bank lending to business borrowers : interest rates and U.S. monetary policy
Author(s)
Bibliographic Information
Bank lending to business borrowers : interest rates and U.S. monetary policy
Westview Press, 1992
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Note
Bibliography: p. 181-185
Description and Table of Contents
Description
In a period in which anxiety over the health of the US banking system has often centred on secondary symptoms, this book directs attention back to the essence of commercial banking - the short-term loans to commercial and industrial firms. The principal focus is kept on the rate of interest applied to business loans and on how this rate presently differs in level and movement from its calmer behaviour in previous periods. Drawing on both empirical research and economic theory, the author explores the relationship between bank lending rates and other macroeconomic variables, evaluates the diverse forces that are thought to determine interest rates in this important sector, and identifies some implications for the Federal Reserve's conduct of monetary policy.
Table of Contents
- Bank lending to business - basic dimensions
- more dimensions - loans held versus loans originated
- the rate of interest in economic theory
- interest rates and other macro indicators
- the bankers' views on loan pricing
- the cost of banks' borrowed funds.
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