Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/212337 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Bank of Finland Research Discussion Papers No. 29/2015
Verlag: 
Bank of Finland, Helsinki
Zusammenfassung: 
We investigate how European banks' overnight borrowing costs depend on bank size. We use the Eurosystem's proprietary interbank daily loan data on euro-denominated transactions from 2008-2014. We find that large banks have had a clear borrowing cost advantage over small banks and that this premium increases progressively with the size of the bank. This result is robust with respect to subsamples, subperiods, time aggregation, and control variables such as Tier 1 capital ratio and rating. During episodes of financial stress, the size advantage becomes several times larger. However, we also find evidence that the new recovery and resolution framework for banks may have slightly reduced the borrowing cost advantage of larger banks in Europe.
JEL: 
G21
G22
G24
G28
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-952-323-081-1
Dokumentart: 
Working Paper

Datei(en):
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