Meeting of 6-7 March 2024

We find that banks experiencing large deposit outflows reduce credit, but not the interest rate they charge, to the same borrower relative to other lenders.

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ECBECB
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https://www.ecb.europa.eu//press/accounts/2024/html/ecb.mg240404~b79e424115.en.htmlhttps://www.ecb.europa.eu//press/accounts/2024/html/ecb.mg240404~b79e424115.en.html
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금요일, 4월 5, 2024
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요약
Key Points: 
  • We find that banks experiencing large deposit outflows reduce credit, but not the interest rate they charge, to the same borrower relative to other lenders.
  • This credit restriction is stronger for fixed rate and longer maturity loans, but not for riskier borrowers.
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