期刊名称：International Review of Management and Marketing
电子版ISSN：2146-4405
出版年度：2018
卷号：8
期号：1
页码：119-125
语种：English
出版社：EconJournals
摘要：This study aims to investigate the effect of government borrowing (Net claim no government) from Jordanian banks on Credit Facilities Extended by Licensed Banks to Private Sector. A Vector error correction model (VECM) is used to investigate the relationship between public borrowing and private credit. The paper concludes that government borrowing from the domestic banks leads to a more than one to one crowding out of private credit. This effect implies that government borrow from banks is not the only reason behind crowding out private credit. The increase in banks' treasury bills and bonds also reflects banks’ preference to invest excess liquidity in a low risk high return investment. This is a case where the banking sector is colonized by " lazy banks".
关键词：Credit Facilities to Private Sector; Net claim no government; Banking Sector; and Crowding Out effect
