runs within this class of mechanism is that banks cannot identify whether withdrawals are being driven by psychology or by …

The housing boom that preceded the Great Recession was due to an increase in credit supply driven by looser lending …

We use matched, bank-level panel data on Libor submissions and credit default swaps to decompose bank-funding spreads … at several maturities into components reflecting counterparty credit risk and funding-market liquidity. To account for … the possibility that banks may strategically misreport their funding rates in the Libor survey, we nest our decomposition …