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dc.contributor.authorRitz, Roberten
dc.contributor.authorWalther, A.en
dc.date.accessioned2016-04-22T15:00:50Z
dc.date.available2016-04-22T15:00:50Z
dc.date.issued2014-06-05en
dc.identifier.otherCWPE1414
dc.identifier.urihttps://www.repository.cam.ac.uk/handle/1810/255212
dc.description.abstractThe 2007-9 .financial crisis began with increased uncertainty over funding conditions in money markets. We show that funding uncertainty can explain diverse elements of commercial banks behaviour during the crisis, including:(i) reductions in lending volumes, balance sheets, and profitability;(ii) more intense competition for retail deposits (including deposits turning into a .loss leader.);(iii) stronger lending cuts by more highly extended banks with a smaller deposit base;(iv) weaker pass-through from changes in the central bank.s policy rate to market interest rates; and(v) a binding .zero lower bound.as well as a rationale for unconventional monetary policy.en
dc.description.abstractmonetary policyen
dc.publisherFaculty of Economics
dc.relation.ispartofseriesCambridge Working Papers in Economics
dc.rightsAll Rights Reserveden
dc.rights.urihttps://www.rioxx.net/licenses/all-rights-reserved/en
dc.subjectinterbank marketen
dc.subjectinterest rate pass-throughen
dc.subjectliquidity channelen
dc.subjectloan-to-deposit ratioen
dc.subjectloss leaderen
dc.subjectzero lower bound.en
dc.titleHow do banks respond to increased funding uncertainty?en
dc.typeWorking Paperen
dc.identifier.doi10.17863/CAM.4947


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