The Basel III banking standards may prevent US interbank lending activity from reaching its pre-crisis levels, a working paper from the Federal Reserve Bank of Atlanta finds.
In Can the US Interbank Market Be Revived?, Kyungmin Kim, Antoine Martin and Ed Nosal examine the decline of US interbank lending from its pre-crisis levels.
Interbank lending activity in the US has reduced since the financial crisis because of two factors, the authors say.
The Fed’s asset purchasing has provided excess
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