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have despite this received scant attention in the credit-line literature. In this paper, I study the liquidity-insurance … that backup lines provide commercial-paper issuers with reliable liquidity insurance and that banks' liquidity provision …
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alleviate credit constraints for their downstream partners, and the role this type of liquidity insurance plays in buyers' cash …
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Using administrative data on deposits and loans of every Norwegian with every Norwegian bank, we show that an existing … deposit account makes a household more likely to hold deposits at the same bank later despite better alternatives and more …
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