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The Cross-Market Spillover of Economic Shocks through Multimarket Banks
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Material Type |
Article
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Author(s) |
BERROSPIDE, JOSE M. (Author)
BLACK, LAMONT K. (Author)
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Source Journal Info. |
Title:
Journal of Money, Credit, and Banking
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Volume/ Issue No.: 2016/JUL V.48 N.5
Call No.:332.05 JMC Location: Periodicals & References Hall - 2nd floor
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Physical Description |
p 957-988
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Subject Area/ Descriptors |
Economics
(9033)
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Abstract |
This study investigates the mortgage lending of banks operating in multiple U.S. metropolitan areas during the housing market collapse of 2007–09. We show that multimarket banks reduced local portfolio lending in response to high overall mortgage delinquencies in their other markets, consistent with the view that local economic shocks can be transmitted to other regions through banks’ internal capital markets....
Full Abstract
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Journal:
Journal of Money, Credit, and Banking
(532)
Issu: 2016/JUL V.48 N.5
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