Kapan, Tümer; Minoiu, Camelia - International Monetary Fund (IMF) - 2013
. Using data from the syndicated loan market, we exploit variation in banks’ reliance on wholesale funding and their … bank credit. We find that banks with strong balance sheets were better able to maintain lending during the crisis. In … particular, banks that were ex-ante more dependent on market funding and had lower structural liquidity reduced the supply of …