| Contribution by: | Weir M. Brown |
| Format: | Paperback: 185 pages. |
| Publisher: | Westview Press (11/01/1992) |
| ISBN: | 0813383706 |
| Reading Level: |
| List of Tables and Figures |
| Preface |
| 1 | Introduction and Background | 1 |
| 2 | Bank Lending to Business: Basic Dimensions | 7 |
| Size of the Short-term Business Loan Market | 8 |
| Interest on Business Loans Since 1950: A First Overview | 17 |
| Notes | 24 |
| 3 | More Dimensions: Loans Held vs. Loans Originated | 27 |
| Short-term Business Credit: Volume Outstanding | 28 |
| Short-term Business Credit: Volume Originated | 33 |
| The Missing Link | 40 |
| Recapitulation | 49 |
| Notes | 51 |
| 4 | The Theory of Interest in Economics | 53 |
| The Medieval Position Regarding Interest | 54 |
| Classical Beginnings: Capital-Related Loans | 60 |
| From Classical to Neoclassical Economics | 65 |
| The Market Rate in Classical Economics | 71 |
| Interest Rate Theory in Contemporary Economics: Keynes | 74 |
| Other Contemporary Theories on Interest | 79 |
| Summary: The Present State of Short-term Interest Theory | 88 |
| Notes | 91 |
| 5 | Empirical Evidence: Contributing But Not Conclusive | 95 |
| Interest Movements Relative to Current Prices | 104 |
| Possible Impact of Expected Price Change | 108 |
| Recent Empirical Studies on Interest | 110 |
| Relationship Between Economic Growth and Short-term Bank Rates | 114 |
| Expected Profits and the Rates of Interest | 123 |
| Summary Comments | 129 |
| Notes | 131 |
| 6 | The Bankers' View on Loan Pricing | 135 |
| The Fed's Authority and Aims on Specific Interest Rates | 136 |
| Loan Pricing at Commercial Banks: A Self-Portrait | 140 |
| Restatement and Preliminary Appraisal | 149 |
| Notes | 154 |
| 7 | Creation and Evolution: Further Views and Vistas | 157 |
| The Fed's Venture into Mark-up Theory | 159 |
| Alternate Theories of Bank-Loan Pricing | 162 |
| Interest Rates and Banks | 168 |
| Concluding Observations | 172 |
| Notes | 175 |
| List of Sources for Tables and Figures | 179 |
| Bibliography | 181 |
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