How Difficult Is It to Raise Money in Turbulent Times?
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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.
KeywordsEuro Area European Central Bank Bank Debt Bank Funding Sovereign Debt Crisis
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