, allows us estimating the socio-demographic determinants of retail profitability. Using a simulation model, we are able to … predict the development of bank profitability due to demographic shifts up to 2025. One of the main findings is that the … the population reduces the customer base, ageing per se increases profitability as older customers typically generate …

When agents are liquidity constrained, two options exist — sell assets or borrow. We compare the allocations arising in …

documents the existence of an asymmetric relationship between market liquidity and trading imbalances: when quoted spreads rise … (fall) and liquidity falls (increases) buy (sell) orders tend to prevail. Risk-averse market-makers, with inventory … characteristics, stock market volatility, macroeconomic releases and liquidity management operations of the monetary authorities. …

regimes, also known as ‘prompt corrective action’; 3. Money market operations by Central Banks; 4. Commercial bank liquidity …

During the last decades a consensus has emerged that it is impossible to disentangle liquidity shocks from solvency …

This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging … of selected spreads and proxy measures of countries’ growth opportunities. Three main results obtain. First, there is … evidence of an historical increase in market liquidity since the early 1990s, in part as a result of advances in international …

We study differences in the price paid for liquidity across banks using price data at the individual bank level. Unique … to gauge the extent to which a bank is short or long liquidity. We find that the price a bank pays for liquidity depends … on the liquidity positions of other banks, as well as its own. There is evidence that liquidity squeezes occasionally …