The Transmission of Liquidity Shocks : The Role of Internal Capital Markets and Bank Funding Strategies »
Series: IMF Working Papers
Author(s): Philippe Karam , Ouarda Merrouche , Moez Souissi , and Rima Turk
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 19 November 2014
Keywords: Credit supply, Multinational banks, Internal capital markets, bank, lending, credit, markets, International Lending and Debt Problems, Financial Aspects of Economic Integration,
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 do...