Liquidity Risk Management of Affiliated Banks during the Sub-prime Mortgage Crisis

Nilufer Ozdemir

back

References:

[1] Adams-Kane J., Caballero J. A. and Lim J. J. (2017) “Foreign Bank Behavior during Financial Crises” Journal of Money, Credit and Banking, Volume49, Issue2-3, March-April 2017, 351-392.

[2] Antoniades A. (2014) “Liquidity Risk and the Credit Crunch of 2007-2008: Evidence from Micro-Level Data on Mortgage Loan Applications” BIS Working Papers, No 473.

[3] Ashcraft, A. B, (2008) “Are bank holding companies a source of strength to their banking Subsidiaries”, Journal of Money, Credit, and Banking 40, 273–294.

[4] Ashcraft, A. B., J. McAndrews, D. Skeie (2011) "Precautionary Reserves and the Interbank Market," Journal of Money, Credit and Banking, 43, pp. 311-348.

[5] Austin P. C. (2011) “An Introduction to Propensity Score Methods for Reducing the Effects of Confounding in Observational Studies” Multivariate Behavior Research, 2011 May; 46(3): 399–424.

[6] Berrospide J. ( 2013) “Bank Liquidity Hoarding and the Financial Crisis: An Empirical Evaluation” Finance and Economics Discussion Series 2013-03, Board of Governors of the Federal Reserve System (U.S.).

[7] Bianchi J., and Bigio S. (2017) “Banks, Liquidity Management, and Monetary Policy” NBER Working Paper No. 20490.

[8] Boughrara A. and I. Dridi (2017) “Does Inflation Targeting Matter for Foreign Portfolio Investment: Evidence from Propensity Score Matching” Journal of Economic Development, Volume 42, Number 2, June 2017.

[9] Cai R. and Zhang M. (2017) "How Does Credit Risk Influence Liquidity Risk? Evidence from Ukrainian Banks," Visnyk of the National Bank of Ukraine, National Bank of Ukraine, issue 241, pages 21-32.

[10] Card, D., and Krueger A. B. (1994) “Minimum Wages and Employment: A Case Study of the Fast-food Industry in New Jersey and Pennsylvania.” American Economic Review, 84(4), 772–793.

[11] Campello, M., (2002) “Internal capital markets in financial conglomerates: evidence from small bank responses to monetary policy”, Journal of Finance 57, 2773–2805.

[12] Cetorelli N., and Goldberg L. S. (2012) “Liquidity management of U.S. global banks: Internal capital markets in the great recession” Journal of International Economics, Volume 88, Issue 2, November 2012, Pages 299-311.

[13] Chava S., and Purnanandam A. (2010) “The Effect of Banking Crisis on Bank-Dependent Borrowers” FDIC Center for Financial Research Working Paper No. 2010-09.

[14] Cornett M. M., McNutt J. J., Strahan J.E., Tehranian H. (2011), “Liquidity risk management and credit supply in the financial crisis”, Journal of Financial Economics, 101 (2011) 297–312.

[15] Correa R., Golberg L. S., and Rice T. (2014) “Liquidity Risk and U.S. Bank Lending at Home and Abroad”, NBER Working Paper No. w20285.

[16] Frey R. and C. Kerl (2015) “Multinational banks in the crisis: Foreign affiliate lending as a mirror of funding pressure and competition on the internal capital market” Journal of Banking & Finance Volume 50, January 2015, Pages 52-68

[17] Houston J., James C. and Marcus D. (1997) “Capital market frictions and the role of internal capital markets in banking”. Journal of Financial Economics, Volume 46, Issue 2, November 1997, Pages 135-164.

[18] Houston J., and James C. (1998) "Do Bank Internal Capital Markets Promote Lending?" Journal of Banking and Finance, vol. 22, issue 6-8, 899-918.

[19] Imbens G.W. (2004) “Nonparametric estimation of average treatment effects under exogeneity: A review.” The Review of Economics and Statistics. 2004;86:4–29

[20] King M., Massoud N. and Song K. (2013) “How Does Bank Trading Activity Affect Performance? An Investigation Before and After the Crisis” FDIC Working Paper.

[21] Lee J. and T. D. Little (2017) “A Practical Guide to Propensity Score Analysis for Applied Clinical Research” Behavior Research and Therapy 98 (2017) 76-90.

[22] Minea, A. and R. Tapsoba R. (2014) "Does inflation targeting improve fiscal discipline?," Journal of International Money and Finance, Elsevier, vol. 40(C), pages 185-203.

[23] Moulton, H.G (1918). Commercial banking and capital formation. The Journal of Political Economy. 26(7). 32-38.

[24] Matvos G., and Seru A. (2014) “Resource Allocation within Firms and Financial Market Dislocation: Evidence from Diversified Conglomerates” Review of Financial Studies, (2014), v.27(4), pp. 1143-1189.

[25] Rauch C. (2010) “International Banking in the New Era: Post-crisis Challenges and Opportunities” Publication Date: Volume: 11, Book Series: IFR, Emerald Insight.

[26] Santioni R., Schiantarelli F. and Philip E. Strahan (2017) "Internal Capital Markets in Times of Crisis: The Benefit of Group Affiliation in Italy," Review of Finance.

[27] Stein, Jeremy C (1997) "Internal Capital Markets and the Competition for Corporate Resources," Journal of Finance, American Finance Association, vol. 52(1), pages 111-33, March.

[28] Wooldridge J. M. (2010) “Econometric Analysis of Cross Section and Panel Data”, The MIT Press, second edition.

[29] Wyse A.E., Keesler V., and B. Schneider (2008) Assessing the effects of small school size on mathematics achievement: A propensity score-matching approach. Teachers College Record.;110:1879–1900.

Copyright © 2009 | All rights reserved