Iyer, Rajkamal; Da-Rocha-Lopes, Samuel; Peydró, José-Luis - In: Review of Financial Studies 27 (2014) 1, pp. 347-372
We study the credit supply effects of the unexpected freeze of the European interbank market, using exhaustive Portuguese loan-level data. We find that banks that rely more on interbank borrowing before the crisis decrease their credit supply more during the crisis. The credit supply reduction...