rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Liability management and floating-rate loan pricing as risk responses by commercial banks in providing agricultural credit
  name:
    name part: Paulson, Seth Lewis.
    role:
      role term: creator
  name:
    name part: Barry, Peter J.
    role:
      role term: degree supervisor.
  name:
    name part: Penson, John B.
    role:
      role term: degree supervisor.
  name:
    name part: Texas A & M University
    role:
      role term: degree granting institution.
  type of resource: text
  genre: bibliography
  genre: Academic theses
  origin info:
    place:
      place term: txu
    date issued: 1979
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: print
    extent: x, 142 leaves : graphs ; 29 cm
  abstract: Availability of credit to the farm sector through commercial banks has been a topic of concern for more than a decade. This study examines an operating policy for commercial banks which would tend to increase availability of funds to farm borrowers. Liability management through purchased funds intermediation provides a means to access regional and national sources of funds through Fed funds purchases, Certificates of Deposits, and money market certificates. Using a floating-rate loan policy on loans funded through liability management issues, a bank limits its risk exposure and can provide greater funds availability for lending at a given risk level. Liquidity risk theory is applied to a portfolio revision model of a commercial bank. Covariance estimates are incorporated in a quadratic programming model of portfolio revision. Risk return frontiers are estimated assuming a fixed-rate loan policy with purchased funds. The difference in risk between the two operating policies allows computation of a risk premium associated with the liquidity risk of liability management with purchased funds. A floating-rate loan policy means the liquidity risk of purchased funds is carried by the borrower. Since the liquidity risk is transferred from the bank to the borrower, an expected reduction in the lending rate is possible which is consistent with the liquidity risk premium. A reduction in loan rates is dependent on the competitiveness of the banking market. A purely competitive market will likely force the initial offer of the floating-rate down by the amount of the liquidity risk premium, while a monopolistic market may keep from reducing the rate by the full amount of the risk premium. Implications of the results on bank management, funds availability to farmers, usury laws, and further research are discussed.
  note: "Major subject: Agricultural Economics."
  note: Vita.
  note: Texas A & M University
  note: Includes bibliographical references (leaves 114-122).
  subject:
    geographic code: n-us---
  subject:
    topic: Agricultural credit
    geographic: United States
  subject:
    topic: Bank loans
    geographic: United States
  subject:
    topic: Bank management
    topic: Mathematical models
  subject:
    topic: Major agricultural economics
  subject:
    topic: Agricultural credit
  subject:
    topic: Bank loans
  subject:
    geographic: United States
  identifier: http://proxy.library.tamu.edu/login
  identifier: https://hdl.handle.net/1969.1/DISSERTATIONS-725636
  related item:
    location:
      url: http://proxy.library.tamu.edu/login
  related item:
    location:
      url: https://hdl.handle.net/1969.1/DISSERTATIONS-725636
  record info:
    record content source: TXA
    record creation date: 800605
    record change date: 20220104090517.0
    record identifier: in00000716482
    language of cataloging:
      language term: eng