Arbeitspapier
Some borrowers are more equal than others: Bank funding shocks and credit reallocation
This paper provides evidence on the strategic lending decisions made by banks facing a negative funding shock. Using bank-firm level credit data, we show that banks reallocate credit within their loan portfolio in at least three different ways. First, banks reallocate to sectors where they have a high market share. Second, they also reallocate to sectors in which they are more specialized. Third, they reallocate credit towards low-risk firms. These reallocation effects are economically large. A standard deviation increase in sector market share, sector specialization or firm soundness reduces the transmission of the funding shock to credit supply by 22, 8 and 10 %, respectively.
- Sprache
-
Englisch
- Erschienen in
-
Series: NBB Working Paper ; No. 361
- Klassifikation
-
Wirtschaft
Financial Crises
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
Credit reallocation
bank funding shock
bank credit
sector market share
sector specialization
firm risk
- Ereignis
-
Geistige Schöpfung
- (wer)
-
De Jonghe, Olivier
Dewachter, Hans
Mulier, Klaas
Ongena, Steven
Schepens, Glenn
- Ereignis
-
Veröffentlichung
- (wer)
-
National Bank of Belgium
- (wo)
-
Brussels
- (wann)
-
2018
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- De Jonghe, Olivier
- Dewachter, Hans
- Mulier, Klaas
- Ongena, Steven
- Schepens, Glenn
- National Bank of Belgium
Entstanden
- 2018
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