375-389

• Ανδρικόπουλος, Ανδρέας Α.
• Brox, James A.

The purpose of this paper is to study the portfolio allocation decisions of Greek banks over the Period 1955 to 1981. The theoretical approach used to derive the demand equations for bank assets is based on a modified version of the Dynamic Generalized Linear Expenditure System. This procedure allows us to calculate both the wealth and interest rate elasticities. We conclude that the Greek banks are relatively sensitive to changes in the various interest rates, with mortgages showing the highest owninterest elasticity.

• Economics and Business
• Computer and information sciences

• Economics
• Statistics

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