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Banks' liability structure and mortgage lending during the financial crisis /
We examine the impact of banks' exposure to market liquidity shocks through wholesale funding on their supply of credit during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding demand factors that could potentially be large when compar...
| Clasificación: | Libro Electrónico |
|---|---|
| Autores principales: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
[Washington, D.C.] :
International Monetary Fund,
©2012.
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| Colección: | IMF working paper ;
WP/12/155. |
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Cover; Contents; I. Introduction; II. Data and Summary Statistics; A. Data; B. Summary Statistics; III. Bank Lending During the Crisis; A. Empirical Strategy; B. Model Specification; C. Definition of the Crisis Period; D. Benchmark Results; E. Matching; 1. Balancing tests; 2. Regressions on the matched sub-samples; F. Demand for Credit; IV. Aggregate Supply Effects; A. Motivation and Empirical Strategy; B. Results; V. Conclusion; Figures; 1. Volume of Originations; 2. Rejection Rates; 3. TED Spread; 4. Distribution of CD/A in 2005 Across Banks; 5. House Prices and Housing Supply Elasticity.
- 6. Distribution of Average CD/A in 2005 across MSAsTables; 1. Summary Statistics; 2. Selecting the Crisis Year, 2007 vs. 2008; 3. LPM Baselines and Robustness; 4. LPM and Logit for the Matched Sample; 5. MSA Level Estimations; 6. Balancing Tests for Two Way Matching; 7. Demand for Mortgages 2005-2008; 8. Aggregate Supply 2005-2008; References; Data Appendix.