How Long to Read Aggregate Uncertainty and the Supply of Credit

How Long Does it Take to Read Aggregate Uncertainty and the Supply of Credit?

It takes the average reader and 26 minutes to read Aggregate Uncertainty and the Supply of Credit by Mr.Fabian Valencia

Assuming a reading speed of 250 words per minute. Learn more

Description

Recent studies show that uncertainty shocks have quantitatively important effects on the real economy. This paper examines one particular channel at work: the supply of credit. It presents a model in which a bank, even if managed by risk-neutral shareholders and subject to limited liability, can exhibit self-insurance, and thus loan supply contracts when uncertainty increases. This prediction is tested with the universe of U.S. commercial banks over the period 1984-2010. Identification of credit supply is achieved by looking at the differential response of banks according to their level of capitalization. Consistent with the theoretical predictions, increases in uncertainty reduce the supply of credit, more so for banks with lower levels of capitalization. These results are weaker for large banks, and are robust to controlling for the lending and capital channels of monetary policy, to different measures of uncertainty, and to breaking the dataset in subsamples. Quantitatively, uncertainty shocks are almost as important as monetary policy ones with regards to the effects on the supply of credit.

How long is Aggregate Uncertainty and the Supply of Credit?

Aggregate Uncertainty and the Supply of Credit by Mr.Fabian Valencia is 26 pages long, and a total of 6,656 words.

This makes it 9% the length of the average book. It also has 8% more words than the average book.

How Long Does it Take to Read Aggregate Uncertainty and the Supply of Credit Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 36 minutes to read Aggregate Uncertainty and the Supply of Credit aloud.

What Reading Level is Aggregate Uncertainty and the Supply of Credit?

Aggregate Uncertainty and the Supply of Credit is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

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Aggregate Uncertainty and the Supply of Credit by Mr.Fabian Valencia is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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