BORD, VITALY M.; SANTOS, JOÃO A.C. - In: Journal of Money, Credit and Banking 46 (2014) s1, pp. 13-45
We consider the liquidity shock banks experienced following the collapse of the asset‐backed commercial paper (ABCP) market in the fall of 2007 to investigate whether banks' liquidity conditions affect their ability to provide liquidity to corporations. We find that banks that borrowed more...