through its interaction with the size and structure of national banking sectors. When aggregate risk increases, countries with … large banking sectors and low equity ratios in the banking sector experience greater widening in yield spreads, suggesting …

through its interaction with the size and structure of national banking sectors. When the aggregate risk factor increases …, countries with large banking sectors and low equity ratios of the banking sector will see their yield spreads raise. Global risk …-aversion hikes can therefore turn a banking sector into a systemically relevant risk to governments that can be measured in sovereign …

This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in … long time. -- liquidity trap ; financial crisis ; rare disasters ; equity capital ; leverage ; bankruptcy risk …

a measure of liquidity based on the standard deviation of yields of those bonds that are used to compute the average …

dynamics of stock-bond return correlations poorly. Alternative factors, such as liquidity proxies, help explain the residual …

's liquidity preference theory informs the analysis of the loss of policy space and widespread instabilities in emerging economies …

We develop an empirical framework that links micro-liquidity, macro-liquidity and stock prices. We provide evidence of … a strong link between macro-liquidity shocks and the returns of UK stock portfolios constructed on the basis of micro-liquidity … measures between 1999-2012. Specifically, macro-liquidity shocks, which are extracted on the meeting days of the Bank of …