| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21526 |
| 来源ID | Working Paper 21526 |
| Banks\u2019 Internal Capital Markets and Deposit Rates | |
| Itzhak Ben-David; Ajay Palvia; Chester Spatt | |
| 发表日期 | 2015-09-07 |
| 出版年 | 2015 |
| 语种 | 英语 |
| 摘要 | A common view is that deposit rates are determined primarily by supply: depositors require higher deposit rates from risky banks, thereby creating market discipline. An alternative perspective is that market discipline is limited (e.g., due to deposit insurance and/or enhanced capital regulation) and that internal demand for funding by banks determines rates. Using branch-level deposit rate data, we find little evidence for market discipline as rates are similar across bank capitalization levels. In contrast, banks’ loan growth has a causal effect on deposit rates: e.g., branches’ deposit rates are correlated with loan growth in other states in which their bank has some presence, suggesting internal capital markets help reallocate the bank’s funding. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w21526 |
| 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/579201 |
| 推荐引用方式 GB/T 7714 | Itzhak Ben-David,Ajay Palvia,Chester Spatt. Banks\u2019 Internal Capital Markets and Deposit Rates. 2015. |
| 条目包含的文件 | 条目无相关文件。 | |||||
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
