Showing 1 - 10 of 31
counterparties, short-term creditors, and, especially, existing borrowers. Credit fell, with banks hit hardest by liquidity pressures … bank liquidity may strengthen the financial system and make credit less vulnerable to liquidity shocks. …
Persistent link: https://www.econbiz.de/10010726497
Persistent link: https://www.econbiz.de/10001222930
Persistent link: https://www.econbiz.de/10012239201
Persistent link: https://www.econbiz.de/10011944613
Persistent link: https://www.econbiz.de/10001415061
Persistent link: https://www.econbiz.de/10002635975
Persistent link: https://www.econbiz.de/10002568478
Persistent link: https://www.econbiz.de/10003886730
We offer a new explanation of loan syndicate structure based on banks' comparative advantage in managing systematic liquidity risk. When a syndicated loan to a rated borrower has systematic liquidity risk, the fraction of passive participant lenders that are banks is about 8% higher than for...
Persistent link: https://www.econbiz.de/10003659273
Persistent link: https://www.econbiz.de/10003593817