McGowan, Danny; Nguyen, Huyen; Schaeck, Klaus - Leibniz-Institut für Wirtschaftsforschung Halle - 2024 - This version: 10.06.2024
We study how deposit competition affects a bank’s decision to securitize mortgages. Exploiting the state …-specific removal of deposit market caps across the US as a source of competition, we find a 7.1 percentage point increase in the …