Bank Funding Costs for International Banks:
This paper investigates the determinants of bank funding costs for a sample of internationally active banks from 2001-12. We find that changes in banks' unsecured funding costs are associated with bank-specific characteristics such as an institution's credit worthiness and the return on it...
Gespeichert in:
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| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2014
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| Schriftenreihe: | IMF Working Papers
Working Paper No. 14/71 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | This paper investigates the determinants of bank funding costs for a sample of internationally active banks from 2001-12. We find that changes in banks' unsecured funding costs are associated with bank-specific characteristics such as an institution's credit worthiness and the return on its market value, and importantly, on the level and quality of capital. Similarly, market factors such as the level of investor risk appetite, as well as shocks to financial markets-notably the US subprime crisis and the Euro Area sovereign debt crisis-have also been key drivers of the sharp rise in bank funding costs. We also find evidence that large systemically important institutions have enjoyed a funding advantage, and that this advantage has risen since the onset of the two crises. With the exception of Euro Area periphery banks, by end-2012 the rise in funding costs had generally been reversed for most major banks as a result of improvments in bank asset quality as well as steps taken to increase resilience, notably higher capitalization. Our results suggest increased capital buffers may potentially support bank lending to the real economy by reducing bank funding costs |
| Beschreibung: | 1 Online-Ressource (38 p) |
| ISBN: | 1475517912 9781475517910 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:35Z |
| indexdate | 2024-07-10T09:35:45Z |
| institution | BVB |
| isbn | 1475517912 9781475517910 |
| language | English |
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| oclc_num | 1337129253 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Babihuga, Rita Verfasser aut Bank Funding Costs for International Banks Babihuga, Rita Washington, D.C International Monetary Fund 2014 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 14/71 This paper investigates the determinants of bank funding costs for a sample of internationally active banks from 2001-12. We find that changes in banks' unsecured funding costs are associated with bank-specific characteristics such as an institution's credit worthiness and the return on its market value, and importantly, on the level and quality of capital. Similarly, market factors such as the level of investor risk appetite, as well as shocks to financial markets-notably the US subprime crisis and the Euro Area sovereign debt crisis-have also been key drivers of the sharp rise in bank funding costs. We also find evidence that large systemically important institutions have enjoyed a funding advantage, and that this advantage has risen since the onset of the two crises. With the exception of Euro Area periphery banks, by end-2012 the rise in funding costs had generally been reversed for most major banks as a result of improvments in bank asset quality as well as steps taken to increase resilience, notably higher capitalization. Our results suggest increased capital buffers may potentially support bank lending to the real economy by reducing bank funding costs Online-Ausg Spaltro, Marco Sonstige oth http://elibrary.imf.org/view/IMF001/21290-9781475517910/21290-9781475517910/21290-9781475517910.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Babihuga, Rita Bank Funding Costs for International Banks |
| title | Bank Funding Costs for International Banks |
| title_auth | Bank Funding Costs for International Banks |
| title_exact_search | Bank Funding Costs for International Banks |
| title_exact_search_txtP | Bank Funding Costs for International Banks |
| title_full | Bank Funding Costs for International Banks Babihuga, Rita |
| title_fullStr | Bank Funding Costs for International Banks Babihuga, Rita |
| title_full_unstemmed | Bank Funding Costs for International Banks Babihuga, Rita |
| title_short | Bank Funding Costs for International Banks |
| title_sort | bank funding costs for international banks |
| url | http://elibrary.imf.org/view/IMF001/21290-9781475517910/21290-9781475517910/21290-9781475517910.xml |
| work_keys_str_mv | AT babihugarita bankfundingcostsforinternationalbanks AT spaltromarco bankfundingcostsforinternationalbanks |