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dc.contributor.authorTalavera, Oleksandren_US
dc.contributor.authorTsapin, Andriyen_US
dc.contributor.authorZholud, Oleksandren_US
dc.date.accessioned2009-01-28T15:47:46Z-
dc.date.available2009-01-28T15:47:46Z-
dc.date.issued2006en_US
dc.identifier.urihttp://hdl.handle.net/10419/18530-
dc.description.abstractOur study investigates the link between bank lending behavior and macroeconomic uncertainty. We develop a dynamic model of a bank's value maximization that results in a negative relationship between loan to capital ratio and macroeconomic uncertainty. This proposition is tested using a panel of Ukrainian banks collected from NBU and covering the period 2003q1-2005q3. The results indicate that banks increase their lending ratios when macroeconomic uncertainty decreases. We demonstrate that our results are robust with respect to the measurement of macroeconomic uncertainty. The reaction of banks to changes in uncertainty is not uniform and depends on bank-specific characteristics.en_US
dc.language.isoengen_US
dc.publisherDeutsches Institut für Wirtschaftsforschung (DIW) Berlinen_US
dc.relation.ispartofseriesDIW-Diskussionspapiere 637en_US
dc.subject.jelG28en_US
dc.subject.jelP34en_US
dc.subject.jelP27en_US
dc.subject.jelG21en_US
dc.subject.ddc330en_US
dc.subject.keywordBanksen_US
dc.subject.keywordmacroeconomic uncertaintyen_US
dc.subject.keywordUkraineen_US
dc.subject.keywordbanks' balance sheetsen_US
dc.titleMacroeconomic Uncertainty and Bank Lending: The Case of Ukraineen_US
dc.typeWorking Paperen_US
dc.identifier.ppn521132622en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
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DIW-Diskussionspapiere

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