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Credit rationing and non-price loan terms: A re-examination

โœ Scribed by Erkki Koskela

Book ID
116134433
Publisher
Elsevier Science
Year
1983
Tongue
English
Weight
713 KB
Volume
7
Category
Article
ISSN
0378-4266

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โœ Elias Tzavalis; Michael Wickens ๐Ÿ“‚ Article ๐Ÿ“… 1998 ๐Ÿ› John Wiley and Sons ๐ŸŒ English โš– 183 KB ๐Ÿ‘ 3 views

This paper explains the contradictory findings from long-run and short-run tests of the rational expectations hypothesis of the term structure. Recent research suggests that, while the long-run tests support the theory, the short-run tests do not. Our results which are based on US Treasury bills rat