Showing 1 - 10 of 168,918
overnight repurchase agreements (repo) and loan-level credit registry data on corporate loans. We find that borrowers on the …
Persistent link: https://www.econbiz.de/10012818794
reserve-rich banks’ credit supply is less sensitive to the monetary policy tightening compared to other banks. The effect …
Persistent link: https://www.econbiz.de/10014481115
We investigate how funding liquidity affects the bank lending using a large sample of US bank holding companies. We … liquidity is larger in high-loan-growth banks. The negative effects of funding liquidity on lending seem to be clearer before … funding liquidity after the crisis period. We believe our study is of interest to regulators and policymakers. …
Persistent link: https://www.econbiz.de/10012219239
Bank capital is an important determinant of secondary market liquidity of loans that a bank originates and syndicates … link between intermediary capital and asset liquidity …
Persistent link: https://www.econbiz.de/10012834162
that reliance on retail deposit funding and the level of excess liquidity holdings may increase banks' responsiveness to … coverage of our loan data and the explicit consideration of banks' excess liquidity holdings are likely reasons for this … different result compared to some earlier literature. We are the first to document the importance of banks' excess liquidity …
Persistent link: https://www.econbiz.de/10012098146
In June 2014 the ECB became the first major central bank to lower one of its key policy rates to negative territory. The theoretical and empirical literature is silent on whether banks’ reaction would be different when the policy rate is lowered to negative levels compared to a standard...
Persistent link: https://www.econbiz.de/10011635511
have despite this received scant attention in the credit-line literature. In this paper, I study the liquidity … commercial-paper market during the COVID-19 pandemic as an exogenous shock to the supply of market-provided liquidity. I find … that backup lines provide commercial-paper issuers with reliable liquidity insurance and that banks' liquidity provision …
Persistent link: https://www.econbiz.de/10014301414
% to generate the same liquidity of a credit fire sale …We study the role of captive finance in the car loan market when manufacturers' liquidity demand increases. Using a new … multi-country dataset on securitized car loans, we show that captive lending enables a liquidity constrained integrated …
Persistent link: https://www.econbiz.de/10013239503
The current global financial crisis has seen both substantial credit impairment and pronounced market illiquidity …, undermining bank balance sheets and creating a global credit contraction. One consequence has been a dramatic shift in monetary … analysing the imapct of both central bank operations on commercial bank balance sheets, credit and the money supply. This is an …
Persistent link: https://www.econbiz.de/10013156813
impact of bank credit supply frictions on firm performance. I exploit differences in the composition of banks' liabilities … structure during the financial crisis of 2007-2009 as a source of exogenous variation in the availability of bank credit to … nonfinancial firms, in order to identify the causal relationship between bank credit supply and firm performance, measured by firms …
Persistent link: https://www.econbiz.de/10012957434