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Der relative Einfluß des Zinssatzes auf die Kreditnachfrage
Journal of Contextual Economics – Schmollers Jahrbuch, Vol. 112 (1992), Iss. 2 : pp. 187–200
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Gischer, Horst
Abstract
Most of the conventional credit-market theories assume that there is a negative correlation between the credit demand and the interest rate. But this assumption is not fully convincing if other components of the credit-demand function are taken into consideration. Therefore, special attention has to be drawn on the use of loan capital. On the basis of the statistics of credit approvals made up by the Bundesbank an empirical estimation of the short term credit demand results in the finding that the direct elasticity of the interest rate is likely to be non-negative as regards the credit demand.