How does a shock to the liquidity of bank assets affect credit supply, cross-border lending, and real activity at the … firm level? We exploit that, in 2007, the European Central Bank replaced national collateral frameworks by a single list …

be expanded.2 The Bank of Botswana (BoB) lacks an emergency liquidity support mechanism for commercial banks, bank …

I suggest a new channel through which central bank asset purchase programs could have effects on asset prices: The … frictions and bargaining features. In bargaining, the central bank's asset purchase announcement could affect the outside option … value of the asset seller by providing one more option of selling the asset to the central bank to the seller. The effect of …

addressing the distress of a city-level commercial bank. This policy shift led to a persistent widening of credit spreads and a …