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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Veröffentlicht in:	Economica (London) 2017-10, Vol.84 (336), p.682-711
Hauptverfasser:	Raunig, Burkhard, Scharler, Johann, Sindermann, Friedrich
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank loans Economic conditions Economics Uncertainty
Online-Zugang:	Volltext
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