التفاصيل البيبلوغرافية
| العنوان: |
Funding Liquidity Creation by Banks |
| المؤلفون: |
Thakor, Anjan V. |
| المساهمون: |
Yu, Edison G. (VerfasserIn) |
| المصدر: |
2022 |
| الناشر: |
[S.l.]: SSRN |
| اللغة: |
English |
| نوع الوثيقة: |
Elektronische Ressource im Fernzugriff |
| Manifestation: |
Monographie [unabhängig ob Stück einer Reihe] |
| مستخلص: |
Relying on theories in which bank loans create deposits—a process we call “funding liquidity creation”—we measure how much funding liquidity the U.S. banking system creates. Private money creation by banks enables lending to not be constrained by the supply of cash deposits. During the 2001-2020 period, 92% of bank deposits were due to funding liquidity creation, and during 2011-2020 funding liquidity creation averaged $10.7 trillion per year or 57% of GDP. Using natural disasters data, we provide causal evidence that better-capitalized banks create more funding liquidity and lend more even during times when cash deposit balances are falling |
| DOI: |
10.2139/ssrn.4104804 |
| رقم الأكسشن: |
EDSZBW1819511766 |
| قاعدة البيانات: |
ECONIS |
