{"id":"https://openalex.org/W1591762108","doi":null,"title":"Understanding the Price of New Lending to Households","display_name":"Understanding the Price of New Lending to Households","publication_year":2010,"publication_date":"2010-01-01","ids":{"openalex":"https://openalex.org/W1591762108","mag":"1591762108"},"language":"en","primary_location":{"id":"pmh:oai:RePEc:boe:qbullt:0023","doi":null,"is_oa":false,"landing_page_url":"https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2010/understanding-the-price-of-new-lending-to-households.pdf?la=en&hash=49243276BA9F430E2401DB710FD4C6FB5E0D21F9","pdf_url":"https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2010/understanding-the-price-of-new-lending-to-households.pdf?la=en&hash=49243276BA9F430E2401DB710FD4C6FB5E0D21F9","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},"volume":null,"type":"article","indexed_in":[],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://autopapers.ssrn.com/sol3/papers.cfm?abstract_id=1680326","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5022277970","display_name":"Richard Button","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Richard Button","raw_affiliation_strings":["Bank of England"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of England","institution_ids":["https://openalex.org/I46860202"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5069192662","display_name":"Silvia Pezzini","orcid":"https://orcid.org/0009-0007-6732-2329","observed_orcids":["https://orcid.org/0009-0007-6732-2329"]},"institutions":[],"countries":[],"is_corresponding":false,"raw_author_name":"Silvia Pezzini","raw_affiliation_strings":["Hong Kong Monetary Authority"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Hong Kong Monetary Authority","institution_ids":[]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5076199433","display_name":"Neil Rossiter","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I46860202","display_name":"Bank of England","ror":"https://ror.org/04p3y0q03","country_code":"GB","type":"other","lineage":["https://openalex.org/I46860202"]}],"countries":["GB"],"is_corresponding":false,"raw_author_name":"Neil Rossiter","raw_affiliation_strings":["Bank of England Monetary Analysis"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of England Monetary Analysis","institution_ids":["https://openalex.org/I46860202"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":[],"apc_list":null,"apc_paid":null,"fwci":3.9003,"has_fulltext":false,"cited_by_count":30,"citation_normalized_percentile":{"value":0.93592217,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"50","issue":"3","first_page":"172","last_page":"182"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9682999849319458,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9682999849319458,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.02280000038444996,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10632","display_name":"Housing Market and Economics","score":0.0038999998942017555,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/household-loans","display_name":"household loans","score":0.7229999899864197},{"id":"https://openalex.org/keywords/interest-rates","display_name":"interest rates","score":0.7099999785423279},{"id":"https://openalex.org/keywords/bank-lending-rates","display_name":"bank lending rates","score":0.6259999871253967},{"id":"https://openalex.org/keywords/funding-costs","display_name":"funding costs","score":0.7390000224113464},{"id":"https://openalex.org/keywords/markups","display_name":"markups","score":0.4790000021457672},{"id":"https://openalex.org/keywords/bank-capital","display_name":"bank capital","score":0.527999997138977},{"id":"https://openalex.org/keywords/financial-crises","display_name":"financial crisis","score":0.7070000171661377},{"id":"https://openalex.org/keywords/bank-rate","display_name":"bank rate","score":0.6850000023841858}],"concepts":[{"id":"https://openalex.org/C175025494","wikidata":"https://www.wikidata.org/wiki/Q179179","display_name":"Interest rate","level":2,"score":0.713861346244812},{"id":"https://openalex.org/C155512373","wikidata":"https://www.wikidata.org/wiki/Q287450","display_name":"Residual","level":2,"score":0.664983868598938},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6278627514839172},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5382236242294312},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.5103654265403748},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.4571338891983032},{"id":"https://openalex.org/C66887028","wikidata":"https://www.wikidata.org/wiki/Q382444","display_name":"Marginal cost","level":2,"score":0.43599486351013184},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.41210728883743286},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3536575138568878},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.33403295278549194},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.22018471360206604},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.1142435371875763},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.0},{"id":"https://openalex.org/C11413529","wikidata":"https://www.wikidata.org/wiki/Q8366","display_name":"Algorithm","level":1,"score":0.0},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:RePEc:boe:qbullt:0023","doi":null,"is_oa":false,"landing_page_url":"https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2010/understanding-the-price-of-new-lending-to-households.pdf?la=en&hash=49243276BA9F430E2401DB710FD4C6FB5E0D21F9","pdf_url":"https://www.bankofengland.co.uk/-/media/boe/files/quarterly-bulletin/2010/understanding-the-price-of-new-lending-to-households.pdf?la=en&hash=49243276BA9F430E2401DB710FD4C6FB5E0D21F9","source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"mag:1591762108","doi":null,"is_oa":true,"landing_page_url":"https://autopapers.ssrn.com/sol3/papers.cfm?abstract_id=1680326","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},{"id":"mag:3122488037","doi":null,"is_oa":false,"landing_page_url":"https://econpapers.repec.org/RePEc:boe:qbullt:0023","pdf_url":null,"source":{"id":"https://openalex.org/S2764857355","display_name":"Bank of England quarterly bulletin","issn_l":"0005-5166","issn":["0005-5166"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Bank of England quarterly bulletin","raw_type":null}],"best_oa_location":{"id":"mag:1591762108","doi":null,"is_oa":true,"landing_page_url":"https://autopapers.ssrn.com/sol3/papers.cfm?abstract_id=1680326","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"SSRN Electronic Journal","raw_type":null},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"score":0.5400000214576721,"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":0,"referenced_works":[],"related_works":["https://openalex.org/W6999851690","https://openalex.org/W2513872807","https://openalex.org/W1503190809","https://openalex.org/W588814113","https://openalex.org/W1596418095","https://openalex.org/W132817805","https://openalex.org/W1556124181","https://openalex.org/W2188385748","https://openalex.org/W1509781923","https://openalex.org/W7098723633"],"abstract_inverted_index":{"During":[0],"the":[1,13,37,69,72,93,112,146],"recent":[2],"financial":[3],"crisis":[4],"Bank":[5],"Rate":[6],"was":[7],"reduced":[8],"sharply,":[9],"but":[10],"in":[11],"general":[12],"interest":[14,31],"rates":[15,32,44,52,91],"charged":[16],"on":[17],"new":[18,42,50,89,133],"lending":[19,43,51,77,90],"to":[20,74,101,140],"households":[21],"did":[22],"not":[23],"fall":[24],"by":[25,107],"as":[26],"much":[27],"and":[28,60,68,92],"indeed":[29],"some":[30],"rose.":[33],"This":[34],"article":[35],"assesses":[36],"factors":[38],"that":[39,80],"have":[40,83],"influenced":[41],"using":[45],"a":[46,61,120,138],"simple":[47],"decomposition":[48,73],"of":[49,88],"into":[53],"lenders\u2019":[54],"funding":[55,81],"costs,":[56],"credit":[57],"risk":[58],"charges":[59],"residual":[62,94,99,122],"(which":[63],"includes":[64],"both":[65],"operating":[66],"costs":[67,82,131],"mark-up).":[70],"Applying":[71],"two":[75],"indicative":[76],"products":[78],"suggests":[79],"been":[84],"an":[85],"important":[86],"driver":[87],"has":[95],"also":[96],"risen.":[97],"The":[98],"needs":[100],"be":[102],"interpreted":[103],"with":[104,125],"caution":[105],"\u2014":[106],"definition":[108],"it":[109],"reflects":[110],"all":[111],"remaining":[113],"unmodelled":[114],"factors.":[115],"But":[116],"among":[117],"other":[118],"things,":[119],"larger":[121],"is":[123],"consistent":[124],"lenders":[126],"increasing":[127],"mark-ups":[128],"over":[129],"marginal":[130],"for":[132],"lending,":[134],"which":[135],"may":[136],"reflect":[137],"need":[139],"build":[141],"higher":[142],"capital":[143],"levels":[144],"within":[145],"banking":[147],"sector.":[148]},"counts_by_year":[{"year":2024,"cited_by_count":1},{"year":2023,"cited_by_count":1},{"year":2019,"cited_by_count":1},{"year":2018,"cited_by_count":4},{"year":2017,"cited_by_count":2},{"year":2016,"cited_by_count":2},{"year":2015,"cited_by_count":5},{"year":2014,"cited_by_count":7},{"year":2013,"cited_by_count":5},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}