Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up … during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not … need to provide longer-term liquidity. The paper asks what market failure central banks were addressing by intervening and …

Motivated by the financial crisis of 2007-2009 several papers have provided explanations for why liquidity may dry up … during market stress. This paper also looks at this issue but focuses on the question as to why the liquidity crunch was not … need to provide longer-term liquidity. The paper asks what market failure central banks were addressing by intervening and …

should market liquidity dry up. In a first step, this paper explains why high quality firms introduce a maturity mismatch … of firm's publicly observable credit quality. Under plausible assumptions about the cost of bank borrowing the model … times and bank debt in adverse times. The paper suggests that better publicly available information about firm quality and …

foreign affiliates to help smooth domestic liquidity shocks. We also show that the existence of such internal capital markets … contributes to an international propagation of domestic liquidity shocks to lending by affiliated banks abroad. While these …

to an executive board is an outsider (an individual without previous employment at the bank) compared to being an insider …

This study investigates the bank competition-stability nexus using a unique regulatory dataset provided by the Deutsche … Bundesbank over the period 1994 to 2010. First, we use outright bank defaults as the most direct measure of bank risk available … and contrast the results to weaker forms of bank distress. Second, we control for a wide array of different time …

likelihood of bank distress makes banks reduce their on-balance sheet interest rate exposure and simultaneously intensify their … as the maturity gap being largely determined by customer liquidity needs, whereas the decision to use swaps relies on …