Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
5061105 | Economics Letters | 2010 | 5 Pages |
Abstract
We show that price-cost margins for US banks are consistently countercyclical, even after controlling for credit risk, the term structure of interest rates and monetary policy. This evidence supports the existence of a “financial accelerator” in US banking.
Keywords
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Roger Aliaga-DÃaz, MarÃa PÃa Olivero,