Bank Debt in Europe â€œAre Funding Models Brokenâ€
AbstractThe crisis in Europe has underscored the vulnerability of European bank funding models compared to international peers. This paper studies the drivers behind this fragility and examines the future of bank funding, primarily wholesale, in Europe. We argue that cyclical and structural factors have altered the structure, cost, and composition of funding for European banks. The paper discusses the consequences of shifting funding patterns and investor preferences and presents possible policy options and bank actions to enhance European bank funding modelsâ€™ robustness.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 12/299.
Date of creation: 20 Dec 2012
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- Carmen M. & M. Belen Sbrancia, 2011.
"The Liquidation of Government Debt,"
Working Paper Series
WP11-10, Peterson Institute for International Economics.
- V. Brousseau & Alexandre Chailloux & A. DurrÃ©, 2013. "Fixing the Fixings: What Road to a More Representative Money Market Benchmark?," IMF Working Papers 13/131, International Monetary Fund.
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