Bank Markups, Horizontalism and the Significance of Banks's Liquidity Preference: An Empirical Assessment
AbstractThe purpose of this paper is to assess whether the widely-held markup theory of interest rate determination, first put forth by Rousseas in the mid-1980s, is sufficiently robust empirically or whether one aspect of Keynesian liquidity preference theory, that which emphasizes the role of banks's liquidity preference, is significant in determining bank markups. This is done by studying Canadian observations of the interest rate structure and the latter's relation to indicators of bank liquidity.
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Bibliographic InfoPaper provided by University of Ottawa, Department of Economics in its series Working Papers with number 9601e.
Length: 23 pages
Date of creation: 1996
Date of revision:
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Web page: http://www.socialsciences.uottawa.ca/eco/eng/index.asp
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BANKS; LIQUIDITY; TAUX D'INTERET;
Find related papers by JEL classification:
- E40 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - General
- E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects
- G20 - Financial Economics - - Financial Institutions and Services - - - General
- G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
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