| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w26163 |
| 来源ID | Working Paper 26163 |
| Deposit Market Power, Funding Stability and Long-Term Credit | |
| Lei Li; Elena Loutskina; Philip E. Strahan | |
| 发表日期 | 2019-08-19 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | This paper shows that banks raising deposits in more concentrated markets have more funding stability, which enhances banks’ ability to extend longer-maturity loans. We show that banks raising deposits in concentrated markets exhibit less pro-cyclical financing costs and profits, which in turn reduces the funding risk of originating long-term illiquid loans. Consistently, banks with deposit HHI one standard deviation above average extend loans with about 20% longer maturity than those with deposit HHI one standard deviation below average. Deposit concentration also allows banks to charge lower maturity premiums. Access to banks raising funds in concentrated markets improves growth in industries traditionally reliant on long-term credit. |
| 主题 | Financial Economics ; Financial Institutions |
| URL | https://www.nber.org/papers/w26163 |
| 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/583837 |
| 推荐引用方式 GB/T 7714 | Lei Li,Elena Loutskina,Philip E. Strahan. Deposit Market Power, Funding Stability and Long-Term Credit. 2019. |
| 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 | ||
| w26163.pdf（548KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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