BoE paper examines how US banks lend after hurricane shock
While local banks might be financially more vulnerable to localised downturns, they may also have "special abilities" or ex-post incentives to "seize" lending opportunities in a distressed market in which they have a key stake, a working paper published by the Bank of England (BoE) has found.
By studying responses to major hurricanes, Matthieu Chavaz's paper Dis-integrating credit markets: diversification, securitisation and lending in a recovery, explores how differently US banks lend during
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