An Analysis of Bank Loan Rate Indexation

This paper examines the economic rationale for the use of bank loan commitments and the effect on the allocation of bank credit of indexing the loan rate offered through the commitment to the prime. A simple model of the loan market is constructed and used to examine the effect changes in loan deman...

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Bibliographic Details
Published in:The Journal of Finance, Vol. 37, No. 3 (1982), p. 809-825
Main Author: James, Christopher
Format: electronic Article
Language:English
ISSN:1540-6261
Item Description:Copyright: Copyright 1982 The American Finance Association
Physical Description:Online-Ressource
DOI:10.2307/2327710
Subjects:
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