Abbassi, Puriya; Iyer, Rajkamal; Peydró, José-Luis; … - 2015
We analyze securities trading by banks and the associated spillovers to the supply of credit.Empirical analysis has … investments of banks at the security level for 2005-2012 in conjunction with the credit register from Germany. Analyzing data at … the security level for each bank in each period, we find that during the crisis, banks with higher trading expertise …