We analyze how the Lehman and sovereign crises affect cross-border interbank liquidity, exploiting euro … foreign lenders. Crisis shocks reduce the supply of cross-border liquidity, with stronger volume than pricing effects. On the … margin—riskier borrower banks suffer more. Moreover, the cross-border liquidity crunch is substantially stronger for term …

versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration. …

recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks’ willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …

accounting information has on the liquidity of its traded bonds. In particular, we focus on how this relationship depends on … aggregate liquidity and the financial state of the firm. We use an extensive panel data set comprising more than 40 … transparency on bond liquidity. This relationship becomes stronger during times of financial distress. We also find that the impact …

We study the role of liquidity management tools (LMTs) in mitigating financial fragility in investment funds during the …

We study the role of liquidity management tools (LMTs) in mitigating financial fragility in investment funds during the …

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on … on interbank access and volume is stronger than on spreads. Liquidity supply restrictions are exacerbated for cross … price dispersion substantially decreases when the Eurosystem promises unlimited access to liquidity at a fixed price in …