Bank Funding Risk

Bank Funding Risk, Reference Rates, and Credit Supply
Corporate credit lines are drawn more heavily when funding markets are more stressed. This covariance elevates expected bank funding costs. We show that credit supply is dampened by the associated …
Harry Cooperman, Darrell Duffie, Stephan Luck, Zachry Wang, Yilin (David) Yang
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Bank Funding Risk, Reference Rates, and Credit Supply