| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w27256 |
| 来源ID | Working Paper 27256 |
| Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis | |
| Lei Li; Philip E. Strahan; Song Zhang | |
| 发表日期 | 2020-06-01 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | In March of 2020, banks faced the largest increase in liquidity demands ever observed. Firms drew funds on a massive scale from pre-existing credit lines and loan commitments in anticipation of cash flow disruptions from the economic shutdown designed to contain the COVID-19 crisis. The increase in liquidity demands was concentrated at the largest banks, who serve the largest firms. Pre-crisis financial condition did not limit banks’ liquidity supply. Coincident inflows of funds to banks from both the Federal Reserve’s liquidity injection programs and from depositors, along with strong pre-shock bank capital, explain why banks were able to accommodate these liquidity demands. |
| 主题 | Financial Economics ; Financial Institutions ; COVID-19 |
| URL | https://www.nber.org/papers/w27256 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/584927 |
| 推荐引用方式 GB/T 7714 | Lei Li,Philip E. Strahan,Song Zhang. Banks as Lenders of First Resort: Evidence from the COVID-19 Crisis. 2020. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w27256.pdf（351KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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