| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w12234 |
| 来源ID | Working Paper 12234 |
| Managing Bank Liquidity Risk: How Deposit-Loan Synergies Vary with Market Conditions | |
| Evan Gatev; Til Schuermann; Philip E. Strahan | |
| 发表日期 | 2006-05-15 |
| 出版年 | 2006 |
| 语种 | 英语 |
| 摘要 | Liquidity risk in banking has been attributed to transactions deposits and their potential to spark runs or panics. We show instead that transactions deposits help banks hedge liquidity risk from unused loan commitments. Bank stock-return volatility increases with unused commitments, but the increase is smaller for banks with high levels of transactions deposits. This deposit-lending risk management synergy becomes more powerful during periods of tight liquidity, when nervous investors move funds into their banks. Our results reverse the standard notion of liquidity risk at banks, where runs from depositors had been seen as the cause of trouble. |
| 主题 | Financial Economics ; Financial Markets ; Financial Institutions |
| URL | https://www.nber.org/papers/w12234 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/569888 |
| 推荐引用方式 GB/T 7714 | Evan Gatev,Til Schuermann,Philip E. Strahan. Managing Bank Liquidity Risk: How Deposit-Loan Synergies Vary with Market Conditions. 2006. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w12234.pdf（258KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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