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Do Codes Make a Difference? The Case of Bank Lending and the Environment

โœ Scribed by Christopher J. Cowton; Paul Thompson


Book ID
110231445
Publisher
Springer
Year
2000
Tongue
English
Weight
89 KB
Volume
24
Category
Article
ISSN
0167-4544

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## Abstract We estimate Markov switching vector autoregressive systems for loans to firms and loans to households to investigate their relationship to interest rates and investment and consumption, respectively. We find evidence for different reactions of lending to shocks in real variables and int