The Transmission of Liquidity Shocks : The Role of Internal Capital Markets and Bank Funding Strategies /
We analyze the transmission of bank-specific liquidity shocks triggered by a credit rating downgrade through the lending channel. Using bank-level data for US Bank Holding Companies, we find that a credit rating downgrade is associated with an immediate and persistent decline in access to non-core d...
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| Outros Autores: | , , |
| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2014.
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| coleção: | IMF Working Papers; Working Paper ;
No. 2014/207 |
| Acesso em linha: | Full text available on IMF |