Eintrag weiter verarbeiten
Some borrowers are more equal than others: bank funding shocks and credit reallocation
Gespeichert in:
| Personen und Körperschaften: | , , , , |
|---|---|
| Titel: | Some borrowers are more equal than others: bank funding shocks and credit reallocation/ Olivier De Jonghe, Hans Dewachter, Klaas Mulier, Steven Ongena, Glenn Schepens |
| Format: | E-Book |
| Sprache: | Englisch |
| veröffentlicht: |
Frankfurt am Main, Germany
European Central Bank
[2019]
|
| Gesamtaufnahme: |
Europäische Zentralbank: Working paper series ; no 2230 (January 2019)
|
| Quelle: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Zusammenfassung: | This paper provides evidence on the strategic lending decisions made by banks facing a negative funding shock. Using bank-firm level credit data, we show that banks reallocate credit within their loan portfolio in at least three different ways. First, banks reallocate to sectors where they have a high market share. Second, they also reallocate to sectors in which they are more specialized. Third, they reallocate credit towards low-risk firms. These reallocation effects are economically large. A standard deviation increase in sector market share, sector specialization or firm soundness reduces the transmission of the funding shock to credit supply by 22, 8 and 10%, respectively. |
|---|---|
| Umfang: | 1 Online-Ressource (circa 73 Seiten); Illustrationen |
| ISBN: |
9789289934923
9289934921 |
| DOI: | 10.2866/62402 |