| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13722 |
| DP13722 Banks as Patient Lenders: Evidence from a Tax Reform | |
| Elena Carletti; Filippo De Marco; Vasso Ioannidou; Enrico Sette | |
| 发表日期 | 2019-05-08 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | We study how a greater reliance on deposits affects bank lending policies. For identification, we exploit a tax reform in Italy that induced households to substitute bank bonds with deposits. We show that the reform led to larger increases (decreases) in term deposits (bonds) in areas where households held more bonds before the reform. We then find that banks with larger increases in deposits did not change their overall credit supply, but increased credit-lines and the maturity of term-loans. These results are consistent with key theories on the role of deposits as a discipline device and of banks as liquidity providers. |
| 主题 | Financial Economics |
| 关键词 | Banks Deposits Maturity Risk-taking Government guarantee |
| URL | https://cepr.org/publications/dp13722 |
| 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/542584 |
| 推荐引用方式 GB/T 7714 | Elena Carletti,Filippo De Marco,Vasso Ioannidou,et al. DP13722 Banks as Patient Lenders: Evidence from a Tax Reform. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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