The Impact of the Financial Crisis on Inter-Bank Funding: Evidence from Italian Balance Sheet Data
32 Pages Posted: 7 Dec 2011
Date Written: July 14, 2011
We analyze the impact of the financial crisis on the structure and the dynamics of the Italian inter-bank market, focusing on monthly banks’ assets and liabilities data between January 2007 and December 2010. The analysis is developed using an ad hoc data-set based on supervisory reports. The data contain nominative information, which allow us to identify different reporting entities and counterparts. We distinguish between intra-group and extra-group transactions, domestic and foreign counter parties, secured and unsecured positions, and short and long-term loans. We also analyze the relationships between big, medium and small groups and characterize the direction of funds between the group parent companies and the other banks of the group.
Keywords: interbank market, financial crisis
JEL Classification: G21, C23, C24
Suggested Citation: Suggested Citation