کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
7356567 1478285 2018 12 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Bank liquidity creation and recessions
ترجمه فارسی عنوان
ایجاد نقدینگی بانک و رکود اقتصادی
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
چکیده انگلیسی
We investigate the relationship between bank liquidity creation and recessions in the U.S. For the 1984-2010 sample, we find that (i) lower bank on-balance sheet liquidity creation signals recessions four quarters into the future; (ii) off-balance sheet liquidity creation is not a robust predictor of recessions at longer forecast horizons; (iii) off-balance sheet liquidity creation falls in tandem with on-balance sheet liquidity creation one quarter prior to recessions, and aggregate, on- and off-balance sheet bank liquidity creation continue to decline during and up to five quarters after recessions; and (iv) liquidity creation of larger banks contains more information about future recessions than that of smaller ones.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Banking & Finance - Volume 90, May 2018, Pages 64-75
نویسندگان
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