Agency problems are an important determinant of corporate liquidity. For a sample of more than 11,000 firms from 45 … that generally drive the need for liquidity, such as investment opportunities and asymmetric information, actually become …

leveraged banks’ precautionary demand for liquidity. When adverse asset shocks materialize, a bank’s ability to roll over debt … is impaired because of agency problems associated with high leverage. In turn, a bank’s propensity to hoard liquidity is …Financial crises are associated with reduced volumes and extreme levels of rates for term inter-bank transactions, such …

channel, we perform an empirical analysis of Russian bank liquidity in 1994 on the basis of bank data. The paper concludes … system. This means that banks preferred to hold liquidity rather than to grant loans. The hypothesis that the credit crunch …Russia's early transition is characterised by one of the most dramatic credit expansions and inflation experiences in …

changes in real GDP, the stock market, country credit ratings, and the exchange rate. We explore the linkages between these …

combines 2008 changes in real GDP, the stock market, country credit ratings, and the exchange rate. We explore the linkages …

subset was offered a simplified procedure to purchase a household connection on credit (at a zero percent interest rate … treatment group, despite the financial cost of the connection. Our results suggest that facilitating access to credit for …

importance of money versus credit contraction in the propagation of this policy error to the wider economy and ultimately price …

Is there a link between loose monetary conditions, credit growth, house price booms, and financial instability? This … paper analyzes the role of interest rates and credit in driving house price booms and busts with data spanning 140 years of …