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Bank Markups, Horizontalism and the Significance of Banks’ Liquidity Prefererence: an Empirical Assessment

In: Money and Production

Author

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  • Mark Deriet
  • Mario Seccareccia

Abstract

The purpose of this paper is to assess whether the widely-held markup theory of interest rate determination, first put forth by Rousseas in the mid-1980s, is sufficiently robust empirically or whether one aspect of Keynesian liquidity preference theory, that which emphasized the role of bank’s liquidity preference, is significant in determining bank markups. This is done by studying Canadian observations of the interest rate structure and the latter’s relation to indicators of bank liquidity.

Suggested Citation

  • Mark Deriet & Mario Seccareccia, 2024. "Bank Markups, Horizontalism and the Significance of Banks’ Liquidity Prefererence: an Empirical Assessment," Chapters, in: Louis-Philippe Rochon & Mario Seccareccia (ed.), Money and Production, chapter 14, pages 267-291, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:22417_14
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    File URL: https://www.elgaronline.com/doi/10.4337/9781035314034.00020
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    Keywords

    Economics and Finance;

    Statistics

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