studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that … explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … affects bank lending depends on whether the banks are drawing on official-sector liquidity facilities. Third, liquidity …

Remarks at Institute of International Bankers Seminar on Risk Management and Regulatory/Examinations Compliance Issues …

Many large U.S. bank holding companies (BHCs) continued to pay dividends during the recent financial crisis, even as … financial market conditions deteriorated, large losses accumulated, and emergency capital and liquidity were being provided by …

estimate bank biases at the credit level by comparing bank-generated risk estimates within loan syndicates. The biases are …This paper investigates the incentives for banks to bias their internally generated risk estimates. We are able to … positively correlated with measures of regulatory capital, even in the presence of bank fixed effects, consistent with an effort …

. Evidence from cross-state enforcement actions of regulators shows that gross inflows into regulation and gross outflows from … regulation are both higher during periods of intense enforcement, though gross outflows are significantly smaller in magnitude …

-causes higher solvency risk. These results point toward a tight interaction between solvency and liquidity risk over time. My …Pierret (2015) presents empirical analysis of the solvency-liquidity nexus for the banking system, documenting that a … shock to the level of banks’ solvency risk is followed by lower short-term debt. Conversely, higher short-term debt Granger …

-sectional differences in response to liquidity risk depend on the banks’ shares of core deposit funding. By contrast, differences across …While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the … global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in …