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Working Paper

Gross Loan Flows

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Changes in net lending hide the much larger and more variable gross lending flows. We present a series of stylized facts about gross loan flows and how they vary over time, bank size, and the business cycle. We look at both the intensive (increases and decreases) and extensive (entry and exits) margins. We compare these results with the output from a simple stochastic search model.
03.01.2006ISSN 2573-7953 WP 06-04DOI 10.26509/frbc-wp-200604
Keywords lending, business cycles, gross flows
JEL Classification Codes G21, E32, E51

Working Papers of the Federal Reserve Bank of Cleveland are preliminary materials circulated to stimulate discussion and critical comment on research in progress. They may not have been subject to the formal editorial review accorded official Federal Reserve Bank of Cleveland publications. The views expressed in this paper are those of the authors and do not represent the views of the Federal Reserve Bank of Cleveland or the Federal Reserve System.

Suggested Citation

Craig, Ben R., and Joseph G. Haubrich. 2006. “Gross Loan Flows.” Federal Reserve Bank of Cleveland, Working Paper No. 06-04. https://doi.org/10.26509/frbc-wp-200604