Abstract
Recent studies have applied disequilibrium models to business loans markets. Laffont and Garcia (1977) analysed the supply and demand for business loans by chartered banks in Canada using monthly data, and concluded to “the necessity of using disequilibrium methods”. Sealey (1979) studied the commercial loan market in the United States with a disequilibrium model, using quarterly data. He concluded that “the degree of disequilibrium in the US loans market ... is considerably greater than that found by Laffont and Garcia for the business loan market in Canada”.
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Dagenais, M.G. (1990). A Short Term Disequilibrium Model with Carry-Over, for US Business Loans. In: Artus, P., Barroux, Y. (eds) Monetary Policy. Advanced Studies in Theoretical and Applied Econometrics, vol 19. Springer, Dordrecht. https://doi.org/10.1007/978-94-015-7852-3_9
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DOI: https://doi.org/10.1007/978-94-015-7852-3_9
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