Banks' funding stress, lending supply and consumption expenditure / H. Evren Damar, Reint E. Gropp, Adi Mordel
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Discovery
1667207083
URN
urn:nbn:de:gbv:3:2-107557
DOI
ISBN
ISSN
Autorin / Autor
Beiträger
Körperschaft
Erschienen
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, 07. Juni 2019
Umfang
1 Online-Ressource (III, 50, 11 Seiten, 0,65 MB) : Diagramme
Ausgabevermerk
Sprache
eng
Anmerkungen
Inhaltliche Zusammenfassung
We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data to estimate the effects of bank funding stress on consumer credit and consumption expenditures. We show that households whose banks were more exposed to funding shocks report lower levels of nonmortgage liabilities. This, however, only translates into lower levels of consumption for low income households. Hence, adverse credit supply shocks are associated with significant heterogeneous effects.
Schriftenreihe
IWH-Diskussionspapiere ; 2019, no. 11 (June 2019) ppn:837399270