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Why aren't banks lending more? the role of commercial real estate

Author

Listed:
  • Sumit Agarwal
  • Hesna Genay
  • Robert McMenamin

Abstract

Since August 2007, the U.S. and global financial markets have endured the worst crisis since the Great Depression, accompanied by a deep economic recession. At the height of the crisis, whole segments of financial markets froze and market participants hesitated to engage in transactions with even the most creditworthy counterparties.

Suggested Citation

  • Sumit Agarwal & Hesna Genay & Robert McMenamin, 2010. "Why aren't banks lending more? the role of commercial real estate," Chicago Fed Letter, Federal Reserve Bank of Chicago, issue Dec.
  • Handle: RePEc:fip:fedhle:y:2010:i:dec:n:281
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    File URL: http://www.chicagofed.org/digital_assets/publications/chicago_fed_letter/2010/cfldecember2010_281.pdf
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