Bednarek, Peter; Dinger, Valeriya; von Westernhagen, Natalja - 2015
Our results uncover a so far undocumented ability of the interbank market to distinguish between banks of different … banks to roll over their interbank debt was not due to a failure of the interbank market per se but rather to bankspecific … shocks affecting banks' capital, liquidity and credit quality as well as revised banklevel risk perceptions. Relationship …