A gestão do risco de liquidez e a concessão de crédito durante os períodos da crise do subprime e da dívida soberana: O caso da banca portuguesa e espanhola (2004-2012)

• Author(s): Moreira, Paulo ; Queirós, Mário
• Date: 2015
• Origin: Portuguese Journal of Finance, Management and Accounting
• Subject(s): Banks, Financial crisis, sovereign debt crisis, bank liquidity, liquidity risk management, credit supply.
• Document Type: Journal article
• Language: English

Description

This work empirically analyzes the key drivers of liquidity risk management that led banks to have differential impacts on credit supply. We choose the representative banks of Portugal and Spain banking sector and, utilizing the SUR method, we carried out a panel data estimation that shows that banks with more illiquid assets increased the holding of liquid assets and restricted loans. We can also that they relied more on deposits as a stable source of funding and reduced the pre-existing loans commitments.