Reserve Bank of New Zealand examines bank funding
An article, published today (June 28) in the Reserve Bank of New Zealand's quarterly bulletin, examines how the central bank's official cash rate (OCR) impacts the cost of bank funding.
The author, Jason Wong, studies the effect of the financial crisis on the sources of bank funding, finding that banks reduced their reliance on short-term wholesale funding in favour of longer term, more stable sources. This, the author says, increased financial stability but also added to funding costs for the
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