Banks’ wholesale funding share as an indicator of financial vulnerability

dc.contributor.author	Alstadheim, Ragna
dc.date.accessioned	2020-09-22T08:06:46Z
dc.date.available	2020-09-22T08:06:46Z
dc.date.issued	2020
dc.identifier.isbn	978-82-8379-158-7
dc.identifier.issn	1504-2596
dc.identifier.uri	https://hdl.handle.net/11250/2678935
dc.description.abstract	A review of theoretical links between the wholesale (or market) funding share of banks (WFS) and financial vulnerability is provided. The vulnerability may both be within the financial system, and in the non-financial sector. The historical development of the WFS in Norway is described. In light of theory and history, we provide an intuitive interpretation of why the WFS works well as an indicator of excessive credit growth in the non-financial sector and as a predictor of financial crises. We argue that other indicators, such as net aggregate household savings and households’ net financial investments, may have more intuitive links to excessive gross credit growth. These indicators predict the WFS in Norway.	en_US
dc.language.iso	eng	en_US
dc.publisher	Norges Bank	en_US
dc.relation.ispartofseries	Staff Memo;7/2020
dc.rights	Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal	*
dc.rights.uri	http://creativecommons.org/licenses/by-nc-nd/4.0/deed.no	*
dc.title	Banks’ wholesale funding share as an indicator of financial vulnerability	en_US
dc.type	Working paper	en_US
dc.description.version	publishedVersion	en_US
dc.subject.nsi	VDP::Samfunnsvitenskap: 200::Økonomi: 210::Samfunnsøkonomi: 212	en_US
dc.source.pagenumber	17	en_US

Med mindre annet er angitt, så er denne innførselen lisensiert som Attribution-NonCommercial-NoDerivatives 4.0 Internasjonal