Abstract
Banks finance themselves with a variety of sources, with different maturities and credit risk characteristics. Heavy reliance on short-term wholesale funding in the years preceding the financial crisis, a distinctive characteristic of the Originate to Distribute (OTD) business model in banking, turned out to be a source of subsequent problems.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Altunbas, Y., S. Manganelli, and D. Marques-Ibanez (2011) ‘Bank risk during the financial crisis. Do business models matter?’, ECB Working Paper series no. 1394.
Aracne, A., G. Birindelli, and A. Patarnello (2013) ‘Back to the future? A retail banking turning point’ in G. Bracchi and D. Mascandaro (eds) Banche e ciclo economico: redditività, stabilità e nuova vigilanza, Rome: Bancaria Editrice.
Ayadi, R., E. Arbak, and W.R De Groen (2011) ‘Business models in European banking’, CEPS working paper.
Bongini, P., and A. Patarnello (2012) ‘Crisi del debito sovrano e raccolta delle banche’, Osservatorio Monetario (1), 30–40.
Cardillo, A., and A. Zaghini (2012) ‘The recent trends in long-term bank funding’, Questioni di Economia e Finanza, Occasional Paper no. 137, Bank of Italy.
Cariboni J., Joensson H., Kazemi Veisari L., Magos D., Papanagiotou E. and C. Planas (2013) Size and Determinants of Implicit State Guarantees to EU Banks, Joint Research Center Scientific and Policy Report European Commission, European Union.
Committee on the Global Financial System (2011) ‘The impact of sovereign credit risk on bank funding conditions’ CGFS paper no. 43, Bank for International Settlements.
European Central Bank (ECB) (2011) ‘Euro area markets for banks long-term debt financing instruments: recent developments, state of integration and implications for monetary policy transmission’, Monthly Bulletin, November.
European Central Bank (ECB) (2012) ‘Changes in bank financing patterns’, April 2012.
International Monetary Fund (2013) ‘Changes in bank funding patterns and financial stability risk’, Chapter 3 of Global Financial Stability Report: Transition Challenges to Stability, October.
Le Leslé, V. (2012) ‘Bank debt in Europe: are funding models broken?’, IMF working paper WP/12/299.
Schich, S., and Y. Aydin (2014) ‘Measurement and Analysis of Implicit Guarantees for Bank Debt: OECD survey results?’, OECD Journal: Financial Markets Trends. Issue 1.
Schich, S., and S. Lindh (2012) ‘Implicit guarantees for bank debt: where do we stand?’, OECD Journal: Financial Markets Trends. Issue 1.
Yorulmzer, T. (2014) ‘Literature review on the stability of funding models’, FRBNY Economic Policy Review, February.
Zaghini, A. (2014) ‘Bank bonds: size, systemic relevance and the sovereign’ Temi di discussione 966, Bank of Italy.
Editor information
Editors and Affiliations
Copyright information
© 2015 Paola Bongini, Arturo Patarnello, Matteo Pelagatti and Monica Rossolini
About this chapter
Cite this chapter
Bongini, P., Patarnello, A., Pelagatti, M., Rossolini, M. (2015). How Difficult Is It to Raise Money in Turbulent Times?. In: Beccalli, E., Poli, F. (eds) Lending, Investments and the Financial Crisis. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137531018_1
Download citation
DOI: https://doi.org/10.1057/9781137531018_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-56498-9
Online ISBN: 978-1-137-53101-8
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)