The Transmission of Liquidity Shocks
IMF – The Transmission of Liquidity Shocks: The Role of Internal Capital Markets and Bank Funding Strategies, Philippe D Karam; Ouarda Merrouche; Moez Souissi; Rima Turk. November 19, 2014. “We analyze the transmission of bank-specific liquidity shocks triggered by a credit rating downgrade through the lending channel. Using bank-level data for US Bank Holding Companies, we find that …