G2TT
来源类型Working Paper
规范类型报告
DOI10.3386/w20285
来源IDWorking 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
URLhttps://www.nber.org/papers/w20285
来源智库National Bureau of Economic Research (United States)
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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
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Ricardo Correa,Linda S. Goldberg,Tara Rice. Liquidity Risk and U.S. Bank Lending at Home and Abroad. 2014.
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