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December 5, 2010 | History

How do banks manage liquidity risk? 1 edition

How do banks manage liquidity risk?
Philip E. Strahan

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How do banks manage liquidity risk?
evidence from equity and deposit markets in the fall of 1998
Philip E. Strahan, Evan Gatev, Til Schuermann.

Published 2004 by National Bureau of Economic Research in Cambridge, MA .
Written in English.

About the Book

"We report evidence from the equity market that unused loan commitments expose banks to systematic liquidity risk, especially during crises such as the one observed in the fall of 1998. We also find, however, that banks with higher levels of transactions deposits had lower risk during the 1998 crisis than other banks. These banks experienced large inflows of funds just as they were needed -- when liquidity demanded by firms taking down funds from commercial paper backup lines of credit peaked. Our evidence suggests that combining loan commitments with deposits mitigates liquidity risk, and that this deposit-lending synergy is especially powerful during period of crises as nervous investors move funds into their banks"--National Bureau of Economic Research web site.

Edition Notes

Includes bibliographical references.
Title from PDF file as viewed on 1/6/2005.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.

Series
NBER working paper series ;, working paper 10982, Working paper series (National Bureau of Economic Research : Online) ;, working paper no. 10982.

Classifications

Library of Congress
HB1

The Physical Object

Format
Electronic resource

ID Numbers

Open Library
OL3475642M
LC Control Number
2005615035

History Created December 10, 2009 · 2 revisions
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December 5, 2010 Edited by Open Library Bot Added subjects from MARC records.
December 10, 2009 Created by WorkBot add works page