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Transmission of Bank Liquidity Shocks in Loan and Deposit Markets: The Role of Interbank Borrowing and Market Monitoring (Allen F., Hryckiewicz A., Kowalewski O., Tumer-Alkan G.)

Foreign Banks Interbank Markets

Abstract We examine the international transmission of liquidity and capital shocks from multinational bank-holding companies to their subsidiaries. Our findings are consistent with the studies that document the negative impact of parent bank fragility on subsidiaries’ lending. We further find that foreign bank lending is determined by different factors in developing economies and in developed countries. Moreover, the reduction in lending is stronger for those subsidiaries that are dependent on the interbank market. Finally, we find that market discipline plays a less important role in developing economies during the recent crisis. Instead, liquidity needs determine the change in deposits.
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Libref/ Allen F., Hryckiewicz A., Kowalewski O., Tumer-Alkan G. (2012) "Transmission of Bank Liquidity Shocks in Loan and Deposit Markets: The Role of Interbank Borrowing and Market Monitoring",Wharton Financial Institutions Center Working Paper 10-28
© Программирование — Александр Красильников, 2008
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