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On the Use of Banks Balance Sheet Data in Loan Market Studies: A Note

Author

Listed:
  • Sevestre, P.

Abstract

Due to the unobservability of the new credit production, most of the empirical loan market studies use, instead, the observable credit stock. This substitution has been pointed out to be likely to generate biases (e.g. see Lown and Peristiani (1996)). In this paper, we show that under quite unrestrictive conditions, this substitution does not lead to biased estimates of any log-log model coefficients, as lond as banks panel data is used and fixed effects are included in the estimated equation.

Suggested Citation

  • Sevestre, P., 1998. "On the Use of Banks Balance Sheet Data in Loan Market Studies: A Note," Working papers 49, Banque de France.
    • Handle: RePEc:bfr:banfra:49
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    File URL: https://publications.banque-france.fr/sites/default/files/medias/documents/working-paper_49_1998.pdf
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    More about this item

    Keywords

    Banks ; Credit ; Loans;
    All these keywords.

    JEL classification:

    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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