Is there a role for funding in explaining recent U.S. banks' failures? /

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Bibliographic Details
Author / Creator:Bologna, Pierluigi, author.
Imprint:[Washington, D.C.] : International Monetary Fund, ©2011.
Description:1 online resource (28 pages) : color illustrations
Language:English
Series:IMF working paper, 1934-7073 ; WP/11/180
IMF working paper ; WP/11/180.
Subject:
Format: E-Resource Book
URL for this record:http://pi.lib.uchicago.edu/1001/cat/bib/12499924
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Other authors / contributors:International Monetary Fund. Monetary and Capital Markets Department, issuing body.
ISBN:1283567393
9781283567398
9781463900441
1463900449
Notes:At head of title: Monetary and Capital Markets Department.
"July 2011."
Includes bibliographical references (pages 25-28).
Online resource; title from PDF title page (IMF, viewed January 9, 2011).
Summary:This paper tests the role of different banks' liquidity funding structures in explaining the banks' failures, which occurred in the United States between 2007 and 2009. The results highlight that funding is indeed a significant factor in explaining banks' probability of default. By confirming the role of funding as the driver of banking crisis, the paper also recognizes that the new liquidity framework proposed by the Basel Committee on Banking Supervision appears to have the features to strengthen banks' liquidity conditions and improve financial stability. Its correct implementation together with closer supervision of banks' liquidity and funding conditions appear, however, the determinant for such improvements to be achieved.
Other form:Print version: Bologna, Pierluigi. Is There a Role for Funding in Explaining Recent U.S. Banks' Failures? Washington : International Monetary Fund, ©2011 9781462311286