The impact of structural budget deficits on commercial bank interest rates: Reply

Authors
Cebula, RJ
Citation
Rj. Cebula, The impact of structural budget deficits on commercial bank interest rates: Reply, PUBL FIN R, 28(3), 2000, pp. 195-198
Citations number
5
Categorie Soggetti
Economics
Journal title
PUBLIC FINANCE REVIEW
ISSN journal
10911421 → ACNP
Volume
28
Issue
3
Year of publication
2000
Pages
195 - 198
Database
ISI
SICI code
1091-1421(200005)28:3<195:TIOSBD>2.0.ZU;2-L
Abstract
This study examines the impact of the structural budget deficit on the cost of funds at commercial banks. The cost of funds is measured as an ex ante real interest rate. The results of an instrumental variables estimate in fi rst differences indicate that the structural deficit exercises a positive i mpact on the ex ante real commercial bank cost of funds.