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dc.contributor.author
Temizsoy, Asena
dc.contributor.author
Iori, Giulia
dc.contributor.author
Montes Rojas, Gabriel Victorio
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dc.date.available
2018-04-19T18:53:27Z
dc.date.issued
2015-10
dc.identifier.citation
Temizsoy, Asena; Iori, Giulia; Montes Rojas, Gabriel Victorio; The role of bank relationships in the interbank market; North-holland; Journal Of Economic Dynamics & Control; 59; 10-2015; 118-141
dc.identifier.issn
0165-1889
dc.identifier.uri
http://hdl.handle.net/11336/42732
dc.description.abstract
This paper empirically explores the effect of bank lending relationships in the interbank market. We use data from the e-MID market that represents the only transparent electronic platform in Europe and USA, unaffected by search costs and other fictions. We show that stable relationships exist and that they played a significant role during the 2007–2008 financial crisis. Trading with preferred counterparts is associated with more favorable rates for both lenders and borrowers, and carries larger trading volumes. The results point to a peer monitoring role of relationship lending, which contributes, at a time of financial distress, to a smooth liquidity redistribution among banks. Relationship lending thus plays an important positive role for financial stability.
dc.format
application/pdf
dc.language.iso
eng
dc.publisher
North-holland
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dc.rights
info:eu-repo/semantics/openAccess
dc.rights.uri
https://creativecommons.org/licenses/by-nc-sa/2.5/ar/
dc.subject
Interbank Market
dc.subject
Lending Relationship
dc.subject
Overnight Loans
dc.subject.classification
Economía, Econometría
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dc.subject.classification
Economía y Negocios
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dc.subject.classification
CIENCIAS SOCIALES
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dc.title
The role of bank relationships in the interbank market
dc.type
info:eu-repo/semantics/article
dc.type
info:ar-repo/semantics/artículo
dc.type
info:eu-repo/semantics/publishedVersion
dc.date.updated
2018-04-17T13:51:29Z
dc.journal.volume
59
dc.journal.pagination
118-141
dc.journal.pais
Países Bajos
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dc.journal.ciudad
Amsterdam
dc.description.fil
Fil: Temizsoy, Asena. City University of London; Reino Unido
dc.description.fil
Fil: Iori, Giulia. City University of London; Reino Unido
dc.description.fil
Fil: Montes Rojas, Gabriel Victorio. City University of London; Reino Unido. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
dc.journal.title
Journal Of Economic Dynamics & Control
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dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/doi/http://dx.doi.org/10.1016/j.jedc.2015.07.008
dc.relation.alternativeid
info:eu-repo/semantics/altIdentifier/url/https://www.sciencedirect.com/science/article/pii/S0165188915001451
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