Do interbank customer relationships exist? And how did they function in the crisis? Learning from Italy

Massimiliano Affinito

No 826, Temi di discussione (Economic working papers) from Bank of Italy, Economic Research and International Relations Area

Abstract: Using 11 years of monthly Italian bank-by-bank data, this paper correlates the bilateral amounts and the identity of each interbank borrower and lender with a long list of explanatory variables. The results show that interbank customer relationships, i.e. stable and strong relationships between pairs of borrowing and lending banks, do exist in Italy, that they persist over time, and that they functioned well during the crisis, enabling the healthier banks to provide and the troubled ones to receive funds.

Keywords: interbank market; lending relationship; financial crisis (search for similar items in EconPapers)
JEL-codes: C23 C24 G21 G28 (search for similar items in EconPapers)
Date: 2011-10
New Economics Papers: this item is included in nep-ban
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Citations: View citations in EconPapers (13)

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Journal Article: Do interbank customer relationships exist? And how did they function in the crisis? Learning from Italy (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:bdi:wptemi:td_826_11

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