Wholesale Funding Dry-Ups
We empirically explore the fragility of wholesale funding of banks, using transaction‐level data on short‐term, unsecured certificates of deposit in the European market. We do not observe a market‐wide freeze during the 2008 to 2014 period. Yet, many banks suddenly experience funding dry‐ups. Dry‐up...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Published: |
Wiley
2020
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| Online Access: | https://hdl.handle.net/1721.1/128444 |