The Transmission of Liquidity Shocks is popular PDF and ePub book, written by Mr.Philippe D Karam in 2014-11-19, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The Transmission of Liquidity Shocks can be Read Online from any device for your convenience.
The Transmission of Liquidity Shocks Book PDF Summary
We analyze the transmission of bank-specific liquidity shocks triggered by a credit rating downgrade through the lending channel. Using bank-level data for US Bank Holding Companies, we find that a credit rating downgrade is associated with an immediate and persistent decline in access to non-core deposits and wholesale funding, especially during the global financial crisis. This translates into a reduction in lending to households and non-financial corporates at home and abroad. The effect on domestic lending, however, is mitigated when banks (i) hold a larger buffer of liquid assets, (ii) diversify away from rating-sensitive sources of funding, and (iii) activate internal liquidity support measures. Foreign lending is significantly reduced during a crisis at home only for subsidiaries with weak funding self-sufficiency.
Detail Book of The Transmission of Liquidity Shocks PDF
- Author : Mr.Philippe D Karam
- Release : 19 November 2014
- Publisher : International Monetary Fund
- ISBN : 9781498348393
- Genre : Business & Economics
- Total Page : 38 pages
- Language : English
- PDF File Size : 8,5 Mb
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