How Long to Read Banks' Liability Structure and Mortgage Lending During the Financial Crisis

How Long Does it Take to Read Banks' Liability Structure and Mortgage Lending During the Financial Crisis?

It takes the average reader and 43 minutes to read Banks' Liability Structure and Mortgage Lending During the Financial Crisis by Jihad Dagher

Assuming a reading speed of 250 words per minute. Learn more

Description

We examine the impact of banks’ exposure to market liquidity shocks through wholesale funding on their supply of credit during the financial crisis in the United States. We focus on mortgage lending to minimize the impact of confounding demand factors that could potentially be large when comparing banks’ overall lending across heterogeneous categories of credit. The disaggregated data on mortgage applications that we use allows us to study the time variations in banks’ decisions to grant mortgage loans, while controlling for bank, borrower, and regional characteristics. The wealth of data also allows us to carry out matching exercises that eliminate imbalances in observable applicant characteristics between wholesale and retail banks, as well as various other robustness tests. We find that banks that were more reliant on wholesale funding curtailed their credit significantly more than retail-funded banks during the crisis. The demand for mortgage credit, on the other hand, declined evenly across wholesale and retail banks. To understand the aggregate implications of our findings, we exploit the heterogeneity in mortgage funding across U.S. Metropolitan Statistical Areas (MSAs) and find that wholesale funding was a strong and significant predictor of a sharper decline in overall mortgage credit at the MSA level.

How long is Banks' Liability Structure and Mortgage Lending During the Financial Crisis?

Banks' Liability Structure and Mortgage Lending During the Financial Crisis by Jihad Dagher is 43 pages long, and a total of 10,879 words.

This makes it 15% the length of the average book. It also has 13% more words than the average book.

How Long Does it Take to Read Banks' Liability Structure and Mortgage Lending During the Financial Crisis Aloud?

The average oral reading speed is 183 words per minute. This means it takes and 59 minutes to read Banks' Liability Structure and Mortgage Lending During the Financial Crisis aloud.

What Reading Level is Banks' Liability Structure and Mortgage Lending During the Financial Crisis?

Banks' Liability Structure and Mortgage Lending During the Financial Crisis is suitable for students ages 8 and up.

Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.

When deciding what to show young students always use your best judgement and consult a professional.

Where Can I Buy Banks' Liability Structure and Mortgage Lending During the Financial Crisis?

Banks' Liability Structure and Mortgage Lending During the Financial Crisis by Jihad Dagher is sold by several retailers and bookshops. However, Read Time works with Amazon to provide an easier way to purchase books.

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