Is there a financial accelerator in US banking?

Is there a financial accelerator in US banking?

We show that price–cost margins for US banks are consistently countercyclical, even after controlling for credit risk, the term structure of interest rates and monetary policy. This evidence supports the existence of a “financial accelerator” in US banking.

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Bibliographische Detailangaben
Veröffentlicht in:Economics letters 2010-08, Vol.108 (2), p.167-171
Hauptverfasser: Aliaga-Díaz, Roger, Olivero, María Pía
Format: Artikel
Sprache:eng
Schlagworte:
Banking system
Banks' price–cost margins
Commercial banks
Cost analysis
Cyclical analysis
Financial accelerator
RBC
U.S.A
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Beschreibung
Zusammenfassung:We show that price–cost margins for US banks are consistently countercyclical, even after controlling for credit risk, the term structure of interest rates and monetary policy. This evidence supports the existence of a “financial accelerator” in US banking.
ISSN:0165-1765
1873-7374
DOI:10.1016/j.econlet.2010.04.037