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Recent changes in the prime rate behavior

Author

Listed:
  • Jianzhou Zhu

    ()

  • Manfen Chen

    ()

  • Wanli Li

    ()

Abstract

No abstract is available for this item.

Suggested Citation

  • Jianzhou Zhu & Manfen Chen & Wanli Li, 2009. "Recent changes in the prime rate behavior," Review of Quantitative Finance and Accounting, Springer, vol. 33(2), pages 177-192, August.
  • Handle: RePEc:kap:rqfnac:v:33:y:2009:i:2:p:177-192
    DOI: 10.1007/s11156-009-0127-x
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    File URL: http://hdl.handle.net/10.1007/s11156-009-0127-x
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    References listed on IDEAS

    as
    1. Fried, Joel & Howitt, Peter, 1980. "Credit Rationing and Implicit Contract Theory," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 12(3), pages 471-487, August.
    2. Mester, Loretta J. & Saunders, Anthony, 1995. "When does the prime rate change?," Journal of Banking & Finance, Elsevier, vol. 19(5), pages 743-764, August.
    3. Goldberg, Michael A., 1982. "The pricing of the prime rate," Journal of Banking & Finance, Elsevier, vol. 6(2), pages 277-296, June.
    4. Berger, Allen N & Udell, Gregory F, 1992. "Some Evidence on the Empirical Significance of Credit Rationing," Journal of Political Economy, University of Chicago Press, vol. 100(5), pages 1047-1077, October.
    5. Hannan, Timothy H & Berger, Allen N, 1991. "The Rigidity of Prices: Evidence from the Banking Industry," American Economic Review, American Economic Association, vol. 81(4), pages 938-945, September.
    6. Nabar, Prafulla G & Park, Sang Yong & Saunders, Anthony, 1993. "Prime Rate Changes: Is There an Advantage in Being First?," The Journal of Business, University of Chicago Press, vol. 66(1), pages 69-92, January.
    7. Forbes, Shawn M. & Mayne, Lucille S., 1989. "A friction model of the prime," Journal of Banking & Finance, Elsevier, vol. 13(1), pages 127-135, March.
    8. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    9. Michael J. Dueker, 2000. "Are prime rate changes asymmetric?," Review, Federal Reserve Bank of St. Louis, issue Sep, pages 33-40.
    10. R. W. Hafer, 1983. "The prime rate and the cost of funds: is the prime too high?," Review, Federal Reserve Bank of St. Louis, issue May, pages 17-21.
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    Citations

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    Cited by:

    1. Friedman, Joseph & Shachmurove, Yochanan, 2015. "The responses of the prime rate to change in policies of the Federal Reserve," Economic Modelling, Elsevier, vol. 46(C), pages 407-411.

    More about this item

    Keywords

    Prime rate; Prime spread; CD rate; Sluggish and asymmetric behavior; G21; E43;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • E43 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Interest Rates: Determination, Term Structure, and Effects

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