Interbank Liquidity Crunch and the Firm Credit Crunch: Evidence from the 2007-2009 Crisis
We study the credit supply effects of the unexpected freeze of the European interbank market, using exhaustive Portuguese loan-level data. We find that banks that rely more on interbank borrowing before the crisis decrease their credit supply more during the crisis. The credit supply reduction is st...
| Main Authors: | , , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Oxford University Press on behalf of The Society for Financial Studies
2014
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| Online Access: | http://hdl.handle.net/1721.1/87735 https://orcid.org/0000-0002-3193-0441 https://orcid.org/0000-0002-3658-9131 |