https://macropaperwarehouse.com/authors/michele-lenza/Michele LenzaHugo -- gohugo.ioen-usThu, 01 Jan 2026 00:00:00 +0000https://macropaperwarehouse.com/papers/interbank-rate-uncertainty-and-bank-lending/Thu, 01 Jan 2026 00:00:00 +0000https://macropaperwarehouse.com/papers/interbank-rate-uncertainty-and-bank-lending/<p>This paper asks whether uncertainty in the interbank market — distinct from general macroeconomic uncertainty — raises the cost of bank credit to firms, and whether bank-specific characteristics buffer or amplify this transmission. The question matters because interbank market disruptions were a central feature of both the 2007–2009 global financial crisis and the 2010–2012 European sovereign debt crisis, yet the empirical channel linking interbank stress to retail lending conditions had not been quantified at the individual-bank level.</p>