Int. J. Financial Stud. 2013, 1(3), 45-53; doi:10.3390/ijfs1030045
Article

Quantity versus Price Rationing of Credit: An Empirical Test

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Received: 21 May 2013; in revised form: 18 June 2013 / Accepted: 19 June 2013 / Published: 1 July 2013
(This article belongs to the Special Issue Recent Developments in Finance and Banking after the 2008 Crisis)
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract: One proxy of price rationing of credit is an aggregation of information on interest rates, while loan officer survey data measures quantity rationing of credit, meaning some borrowers are denied loans. The latter Granger causes real GDP but the former does not. The loan officer survey is a better leading indicator of credit market conditions that affect real activity.
Keywords: loan officer survey; quantity rationing of credit; vector autoregression (VAR)
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MDPI and ACS Style

Waters, G.A. Quantity versus Price Rationing of Credit: An Empirical Test. Int. J. Financial Stud. 2013, 1, 45-53.

AMA Style

Waters GA. Quantity versus Price Rationing of Credit: An Empirical Test. International Journal of Financial Studies. 2013; 1(3):45-53.

Chicago/Turabian Style

Waters, George A. 2013. "Quantity versus Price Rationing of Credit: An Empirical Test." Int. J. Financial Stud. 1, no. 3: 45-53.

Int. J. Financial Stud. EISSN 2227-7072 Published by MDPI AG, Basel, Switzerland RSS E-Mail Table of Contents Alert