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DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Alexei Karas (University College Roosevelt): Relationship lending during a trust crisis on the interbank market: A friend in need is a friend indeed =0D=0A Co-authors: Hans Degryse (KU Leuven) and Koen Schoors (Ghent University) =0D=0A Abstract We exploit uncertainty regarding banks' involvement in money laundering activities as a natural experiment to study the functioning of the interbank market in uncertain times. We show that bank couples with a stronger relationship (i.e., more frequent and reciprocal interactions before the event) are more likely to continue lending to one another, and at lower interest rates. This is in line with a "helping hand" or "flight to friends" hypothesis during crisis.=0D=0A BOFIT seminars are open to all researchers interested in the subjects covered. Those wishing to attend a seminar are kindly asked to register in advance, by email bofit(at)bof.fi or tel. +358 9 183 2268. =0D=0A Seminars take place, as a rule, on Tuesdays, starting at 10.30 a.m. Visitors are escorted to the seminar room from the Rauhankatu 19 B (Library) entrance. =0D=0A
DTEND:20190812T083000Z
DTSTAMP:20190708T082323Z
DTSTART:20190812T073000Z
LOCATION:Bank of Finland, Rauhankatu 19 B, Helsinki
SUMMARY:Alexei Karas (University College Roosevelt): Relationship lending during a trust crisis on the interbank market: A friend in need is a friend indeed
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