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The Loan Puzzle. A Study of Loans to Different Groups in the USA

Name: The Loan Puzzle. A Study of Loans to Different Groups in the USA
Creator: Gianluca Cafiso
Keywords: ddc:330, 9. Industry and infrastructure, corporate businesses, 05 social sciences, households, 1. No poverty, Bayesian estimation, loan puzzle, 0502 economics and business, 8. Economic growth

descriptionPublicationkeyboard_double_arrow_right Article , Research , Book 01 Jan 2020 Italy Publisher:Elsevier BVJournal:SSRN Electronic Journal (eissn: 1556-5068,

Authors: Gianluca Cafiso;

doi: 10.2139/ssrn.3564880

handle: 10419/216571 , 20.500.11769/435316

The Loan Puzzle. A Study of Loans to Different Groups in the USA

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Abstract

We study loans from banking and non-banking lenders to different groups of borrowers in order to unveil significant differences on how those respond to a shock and evaluate possible alternative explanations for such differences. The objective is to gain insights useful to explain the loan puzzle: the unexpected increase of loans to firms in case of a monetary tightening. The analysis is based on a vector autoregression, estimated using Bayesian techniques, and has as object the US economy.

Country

Italy

Related Organizations

University of Catania
Italy

Keywords

ddc:330, corporate businesses, households, Bayesian estimation, loan puzzle, non-corporate businesses, E44, G20, G21, VAR, loan puzzle, households, corporate businesses, non-corporate businesses, VAR, Bayesian estimation, E51, C11

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