Gambacorta, Leonardo; Marqués-Ibáñez, David - European Central Bank - 2011
The 2007-2010 financial crisis highlighted the central role of financial intermediaries’ stability in buttressing a … strength of the bank lending channel, recent evidence shows that bank-specific characteristics can have a large impact on the … structural changes during the period of financial crisis. Banks with weaker core capital positions, greater dependence on market …