BoE paper maps UK bank response to 2008 liquidity shock

canary-wharf-skyline-2-london-uk-oct-2012
Many UK banks are headquartered at London's Canary Wharf

The faster-growing UK banks responded more sharply to the liquidity shock brought about by the 2008 crisis than many of their peers, according to research published on November 6 by the Bank of England.

The staff working paper, International banking and liquidity risk transmission: lessons from the United Kingdom, by Robert Hills, John Hooley, Yevgeniya Korniyenko and Tomasz Wieladek found UK-resident banks that grew their balance sheets faster before the crisis reduced their external lending

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