Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/197959
Authors: 
Damar, H. Evren
Gropp, Reint E.
Mordel, Adi
Year of Publication: 
2019
Series/Report no.: 
IWH Discussion Papers 11/2019
Abstract: 
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 nonmortgage 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.
Subjects: 
credit supply
banking
financial crisis
consumption expenditure
liquid assets
consumption smoothing
JEL: 
E21
E44
G01
G21
Persistent Identifier of the first edition: 
Document Type: 
Working Paper

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