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Author:Morris, Charles S. 

Conference Paper
Reduced form evidence on the substitutability between bank and nonbank loans

Proceedings , Paper 51

Journal Article
Weaker performance at tenth district banks

Regional Economic Digest , Issue Q IV , Pages 7-11

Working Paper
The determinants of banking market structure

Research Working Paper , Paper 86-07

Working Paper
Credit spreads and interest rates : a cointegration approach

This paper uses cointegration to model the time-series of corporate and government bond rates. We show that corporate rates are cointegrated with government rates and the relation between credit spreads and Treasury rates depends on the time horizon. In the short-run, an increase in Treasury rates causes credit spreads to narrow. This effect is reversed over the long-run and higher rates cause spreads to widen. The positive long-run relation between spreads and Treasuries is inconsistent with prominent models for pricing corporate bonds, analyzing capital structure, and measuring the interest ...
Research Working Paper , Paper 98-08

Journal Article
Are bank loans still special?

Economic Review , Volume 77 , Issue Q III , Pages 71-84

Journal Article
Banking market structure in Tenth District states, 1973-83

Economic Review , Volume 70 , Issue Jul , Pages 18-31

Journal Article
Do multibank holding companies affect banking market concentration?

Economic Review , Volume 71 , Issue Apr , Pages 19-30

Journal Article
The productivity \\"slowdown\\": a sectoral analysis

Economic Review , Volume 69 , Issue Apr , Pages 3-15

Journal Article
Bank lending and monetary policy: evidence on a credit channel

While there is widespread agreement that banks play a key part in the transmission of monetary policy actions to the economy, debate continues on whether bank lending plays a special part in the monetary transmission mechanism. If a special lending or credit channel exists, changes in the willingness and ability of banks to extend credit may have implications for the economy. Moreover, ongoing changes in the role of banks in financial markets may affect the credit channel and so alter the monetary transmission mechanism.> Recent research on a bank credit channel has focused on two questions. ...
Economic Review , Volume 80 , Issue Q II , Pages 59-75

Journal Article
Fiscal policies aimed at spurring capital formation: a framework for analysis

In recent years, policymakers have proposed various fiscal policies to spur long-run economic growth through increased capital formation. The Bush Administration, for example, proposed lowering the capital gains tax rate. The Clinton Administration, among other measures in its economic package, proposed reinstituting the investment tax credit. These proposals stem from heightened concerns that the U.S. economy has been growing by less than its long-run potential, and from the judgment that this subpar growth is due in part to deficient capital formation.> Chirinko and Morris present a ...
Economic Review , Volume 79 , Issue Q I , Pages 59-73

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