to liquidity assistance as a solution to forbearance. Faced with a bank that chooses capital and liquidity, the … institution providing liquidity assistance can commit to a mixed strategy: never bailing out is too costly and therefore not … credible, while always bailing out causes moral hazard. In equilibrium, the bank chooses above minimum capital and liquidity …

adequacy requirements, privately rational but socially inefficient disintermediation, and competitive international de-regulation … global liquidity creation by key central banks and, second, an ex-ante global saving glut, brought about by the entry of a … England’s liquidity management, regulatory failure of the FSA, an inadequate deposit insurance arrangement and deficient …

We analyze credit default swap settlement auctions theoretically and evaluate them empirically. In our theoretical …

normative questions of how regulation of entry impacts welfare. …

report evidence of significant incremental information revelation in the credit default swap (CDS) market, consistent with … affects prices or liquidity in either the equity or credit markets. If anything, with regard to liquidity, the reverse appears …

This Paper analyses the response of stock and credit default swap (CDS) markets to rating announcements by the three …