| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w20285 |
| 来源ID | Working Paper 20285 |
| Liquidity Risk and U.S. Bank Lending at Home and Abroad | |
| Ricardo Correa; Linda S. Goldberg; Tara Rice | |
| 发表日期 | 2014-07-10 |
| 出版年 | 2014 |
| 语种 | 英语 |
| 摘要 | While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the effects on and consequences for lending vary widely across banks. We demonstrate fundamental differences across banks without foreign affiliates versus those with foreign affiliates. Among the nonglobal banks (those without a foreign affiliate), cross-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding. By contrast, differences across global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in internal borrowing across the global organization. This intra-firm borrowing by banks serves as a shock absorber and affects lending patterns to domestic and foreign customers. The use of official-sector emergency liquidity facilities by global and nonglobal banks in response to market liquidity risks tends to reduce the importance of ex ante differences in balance sheets as drivers of cross-sectional differences in lending. |
| 主题 | International Economics ; International Finance ; Financial Economics ; Financial Institutions ; Corporate Finance |
| URL | https://www.nber.org/papers/w20285 |
| 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/577959 |
| 推荐引用方式 GB/T 7714 | Ricardo Correa,Linda S. Goldberg,Tara Rice. Liquidity Risk and U.S. Bank Lending at Home and Abroad. 2014. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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