|
|
|
|
| LEADER |
02054cas a2200277 a 4500 |
| 001 |
AALejournalIMF014810 |
| 008 |
230101c9999 xx r poo 0 0eng d |
| 020 |
|
|
|c 5.00 USD
|
| 020 |
|
|
|z 9781498352888
|
| 022 |
|
|
|a 1018-5941
|
| 040 |
|
|
|a BD-DhAAL
|c BD-DhAAL
|
| 100 |
1 |
|
|a Karam, Philippe.
|
| 245 |
1 |
4 |
|a The Transmission of Liquidity Shocks :
|b The Role of Internal Capital Markets and Bank Funding Strategies /
|c Philippe Karam, Ouarda Merrouche, Moez Souissi, Rima Turk.
|
| 264 |
|
1 |
|a Washington, D.C. :
|b International Monetary Fund,
|c 2014.
|
| 300 |
|
|
|a 1 online resource (38 pages)
|
| 490 |
1 |
|
|a IMF Working Papers
|
| 500 |
|
|
|a <strong>Off-Campus Access:</strong> No User ID or Password Required
|
| 500 |
|
|
|a <strong>On-Campus Access:</strong> No User ID or Password Required
|
| 506 |
|
|
|a Electronic access restricted to authorized BRAC University faculty, staff and students
|
| 520 |
3 |
|
|a 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 deposits and wholesale funding, especially during the global financial crisis. This translates into a reduction in lending to households and non-financial corporates at home and abroad. The effect on domestic lending, however, is mitigated when banks (i) hold a larger buffer of liquid assets, (ii) diversify away from rating-sensitive sources of funding, and (iii) activate internal liquidity support measures. Foreign lending is significantly reduced during a crisis at home only for subsidiaries with weak funding self-sufficiency.
|
| 538 |
|
|
|a Mode of access: Internet
|
| 700 |
1 |
|
|a Merrouche, Ouarda.
|
| 700 |
1 |
|
|a Souissi, Moez.
|
| 700 |
1 |
|
|a Turk, Rima.
|
| 830 |
|
0 |
|a IMF Working Papers; Working Paper ;
|v No. 2014/207
|
| 856 |
4 |
0 |
|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2014/207/001.2014.issue-207-en.xml
|z IMF e-Library
|