Banks' funding stress, lending supply and consumption expenditure

Arbeitspapier

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.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IWH Discussion Papers ; No. 11/2019

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Macroeconomics: Consumption; Saving; Wealth ; Financial Markets and the Macroeconomy ; Financial Crises ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages
• Thema: credit supply ; banking ; financial crisis ; consumption expenditure ; liquid assets ; consumption smoothing

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Damar, H. Evren ; Gropp, Reint E. ; Mordel, Adi
• Ereignis: Veröffentlichung
• (wer): Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
• (wo): Halle (Saale)
• (wann): 2019

Weitere Informationen

• Handle: http://hdl.handle.net/10419/197959
• URN: urn:nbn:de:gbv:3:2-107557
• Letzte Aktualisierung: 10.03.2025, 11:44 MEZ