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...
|Published in:||The Journal of Finance, Vol. 37, No. 3 (1982), p. 809-825|
|Item Description:||Copyright: Copyright 1982 The American Finance Association|
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