cover_journal-of-money-credit-and-banking.gif

Banks’ Funding Stress, Lending Supply and Consumption Expenditure

We employ a unique identification strategy linking survey data on household consumption expenditure to bank-level data to estimate the effects of bank funding stress on consumer credit and consumption expenditures. We show that households whose banks were more exposed to funding shocks report lower levels of non-mortgage liabilities. This, however, only translates into lower levels of consumption for low income households. Hence, adverse credit supply shocks are associated with significant heterogeneous effects.

Autoren H. Evren Damar Reint E. Gropp A. Mordel

Ansprechpartner

Für Wissenschaftler/innen

Für Journalistinnen/en

Mitglied der Leibniz-Gemeinschaft LogoTotal-Equality-LogoWeltoffen Logo