A note on bank loan officers' expectations for credit standards: Evidence from the European bank lending survey

被引：3
|
作者：
Anastasiou, Dimitrios [1 ]
Drakos, Konstantinos [1 ]
机构：
[1] Athens Univ Econ & Business, Dept Accounting & Finance, 76 Patiss St, Athens 10434, Greece
来源：
INTERNATIONAL JOURNAL OF FINANCE & ECONOMICS | 2019年 / 24卷 / 01期
关键词：
adaptive expectations; bank lending survey; credit standards; random effects; survey-based expectations; RATIONAL-EXPECTATIONS; TESTS;
D O I：
10.1002/ijfe.1648
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
We employ quarterly credit standards data from the Bank Lending Survey, covering 14 EU countries for the period 2003 Q1 to 2016 Q1. By linking consecutive surveys and utilizing loan officers' responses regarding actual and expected credit standards, we set out to investigate which expectations formation mechanism best describes loan officers' expectations. According to our findings, bank loan officers' expectations are compatible with the adaptive expectations mechanism.
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页码：49 / 53
页数：5
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