Macroeconomic uncertainty and banks’ loan supply: The case of the Nordic countries
The purpose of this paper is to investigate whether macroeconomic uncertainty has a negative effect on Nordic banks’ loan supply. To test this a model is defined with a gross loans/total asset ratio as the dependent variable and a proxy for macroeconomic uncertainty is used as the explanatory variable. A crucial step is the definition of macroeconomic uncertainty. In this paper five different meas
