Arbeitspapier
Do banks lend less in uncertain times
We study the development of bank lending in the U.S. after four large jumps in uncertainty using an event study approach. We find that more liquid banks reduce lending less than banks with smaller liquidity ratios after a surge in uncertainty. Lending by smaller banks is also less responsive to increases in uncertainty. Banks with a higher capitalization ratio keep up lending to a greater extent, but the effect is only significant for banks which are not part of a multi-bank holding company. This heterogeneity across banks suggests that declines in bank lending following increases in uncertainty are partly the result of a reduced supply of bank loans.
- Language
-
Englisch
- Bibliographic citation
-
Series: Working Papers in Economics and Statistics ; No. 2014-06
- Classification
-
Wirtschaft
Financial Markets and the Macroeconomy
Consumption, Saving, Production, Investment, Labor Markets, and Informal Economy: General (includes Measurement and Data)
Prices, Business Fluctuations, and Cycles: General (includes Measurement and Data)
- Subject
-
uncertainty
bank loan supply
event study
- Event
-
Geistige Schöpfung
- (who)
-
Raunig, Burkhard
Scharler, Johann
Sindermann, Friedrich
- Event
-
Veröffentlichung
- (who)
-
University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
- (where)
-
Innsbruck
- (when)
-
2014
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Raunig, Burkhard
- Scharler, Johann
- Sindermann, Friedrich
- University of Innsbruck, Research Platform Empirical and Experimental Economics (eeecon)
Time of origin
- 2014
Other Objects (12)
Do Banks Lend Less in Uncertain Times?
Do Negative Interest Rates Make Banks Less Safe?
Do negative interest rates make banks less safe?
Purpose 'In These Uncertain Times'
Do economists punish less?
Braving life in these uncertain times
Trust and fertility in uncertain times
Managing bank liquidity hoarding during uncertain times: The role of board gender diversity
Do Entrepreneurs Really Earn Less?
Do entrepreneurs really earn less?
Do the altruists lie less?
Do entrepreneurs really earn less?
Do Banks Lend Less in Uncertain Times?
Do Negative Interest Rates Make Banks Less Safe?
Do negative interest rates make banks less safe?
Purpose 'In These Uncertain Times'
Do economists punish less?
Braving life in these uncertain times
Trust and fertility in uncertain times
Managing bank liquidity hoarding during uncertain times: The role of board gender diversity
Do Entrepreneurs Really Earn Less?
Do entrepreneurs really earn less?
Do the altruists lie less?
Do entrepreneurs really earn less?
Do Banks Lend Less in Uncertain Times?
Do Negative Interest Rates Make Banks Less Safe?
Do negative interest rates make banks less safe?
Purpose 'In These Uncertain Times'
Do economists punish less?
Braving life in these uncertain times
Trust and fertility in uncertain times
Managing bank liquidity hoarding during uncertain times: The role of board gender diversity
Do Entrepreneurs Really Earn Less?
Do entrepreneurs really earn less?
Do the altruists lie less?