Publication Date
1-1-1983
Abstract
The authors argue that loan rates lag behind prime rate during economic recovery and never reach the low limits that might otherwise occur due to changes in the regulatory and market environment. The changes referred to specifically include competition between market components, changes in bankruptcy law, and the introduction of new financial instruments such as money market deposit accounts.
Document Type
Article
Keywords
loan rates, interest rates, competition, money market deposit accounts (MMDA), bankruptcy
Disciplines
Business
Part of
article
Extent
23 pages
Format
Rights
The files in this collection are protected by copyright law. No commercial reproduction or distribution of these files is permitted without the written permission of Southern Methodist University, Cox Business School. These files may be freely used for educational purposes, provided they are not altered in any way, and Southern Methodist University is cited. For more information, contact ncds@smu.edu.
Language
English
