We identify frictions in the market for liquidity as well as bank-specific and market-wide factors that affect the … prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its …

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 …

We study the contribution of health-related behaviors to the health-education gradient by distinguishing between short … behaviors in the health production function. Focusing on self-reported poor health as our health outcome, we find that education … has a protective effect for European males and females aged 50+. We also find that the mediating effects of health …

Increases in human stature are seen as a key indicator of improvement in the average health of populations. The … increased by 11cm--representing a dramatic improvement in health. Interestingly, there was a distinct acceleration in the period … and falling family size had more modest effects. Improvements in health care are hard to identify and the effects of the …

variables, on socio-demographic as well as on health and subjective well-being indicators for West Germany based on individual … positive long-term labour market effects in terms of earnings and wages, as well as positive effects on health and subjective …