Aldasoro, Iñaki; Balke, Florian; Barth, Andreas; Eren, … - 2019
When banks are faced with a funding shortage in money market wholesale funding, they partly substitute by tapping other … implications, which go beyond the balance sheets of banks affected by the funding shortage. Banks which are forced to seek … alternative funding sources ("affected" banks) crowd out other initially unaffected banks, which pay substantially more to retain …