| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9124 |
| DP9124 The Impact of Liquidity Regulation on Bank Intermediation | |
| Sylvester Eijffinger; Clemens Bonner | |
| 发表日期 | 2012-09-09 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | We analyze the impact of non-compliance with a requirement similar to the Basel III Liquidity Coverage Ratio and its impact on bank intermediation applying Regression Discontinuity Designs. Using a unique dataset on Dutch banks, we show that non-compliance with a liquidity requirement causes banks to pay and charge higher interest rates as well as to increase borrowing and decrease lending on the long-term interbank market. Apart from lending rates, the short-term market is unlikely to be affected by the requirement. While non-compliance with a liquidity requirement does not seem to directly affect corporate lending rates, we find evidence that institutions with a liquidity deficiency turn to the long-term interbank rate as reference for lending to non-financial institutions. |
| 主题 | International Macroeconomics |
| 关键词 | Banks Financial intermediation monetary policy Finance Liquidity |
| URL | https://cepr.org/publications/dp9124 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/537957 |
| 推荐引用方式 GB/T 7714 | Sylvester Eijffinger,Clemens Bonner. DP9124 The Impact of Liquidity Regulation on Bank Intermediation. 2012. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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