| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w22891 |
| 来源ID | Working Paper 22891 |
| Relationship Lending and the Great Depression | |
| Jon Cohen; Kinda Cheryl Hachem; Gary Richardson | |
| 发表日期 | 2016-12-05 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | The collapse of long-term lending relationships amplified the Great Depression. We demonstrate this by developing a new measure of lending relationships that can be calculated from widely available data at any level of aggregation. Our approach exploits differences in the responsiveness of loan rates to bank funding costs and is supported by historical evidence and theoretical arguments. The new measure reveals that the marginal impact of bank suspensions on economic activity was higher in more relationship-intensive areas, providing the first formal evidence that relationship lending propagated the real effects of banking sector distress in the early 1930s. |
| 主题 | Macroeconomics ; Money and Interest Rates ; Financial Economics ; Financial Institutions ; Industrial Organization ; Market Structure and Firm Performance ; History ; Financial History |
| URL | https://www.nber.org/papers/w22891 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/580564 |
| 推荐引用方式 GB/T 7714 | Jon Cohen,Kinda Cheryl Hachem,Gary Richardson. Relationship Lending and the Great Depression. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w22891.pdf（515KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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