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Federal Reserve Bank of Cleveland
Working Papers (Old Series)
Credit Market Information Feedback
Lakshmi Balasubramanyan
Ben R. Craig
James B. Thomson
Saeed Zaman
Abstract

We examine how a combination of credit market and asset quality information can jointly be used in assessing bank franchise value. We find that expectations of future credit demand and future asset quality explain contemporaneous bank franchise value, indicative of the feedback in credit market information and its consequent impact on bank franchise value.


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Lakshmi Balasubramanyan & Ben R. Craig & James B. Thomson & Saeed Zaman, Credit Market Information Feedback, Federal Reserve Bank of Cleveland, Working Papers (Old Series) 1515, 18 Sep 2015.
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Keywords: bank franchise value; asset quality; credit demand; information; expectations
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