financial markets, particularly the markets for bank funding and equity volatility. …

While the balance sheet structure of U.S. banks influences how they respond to liquidity risks, the mechanisms for the …-sectional differences in response to liquidity risk depend on the banks’ shares of core deposit funding. By contrast, differences across … global banks (those with foreign affiliates) are associated with ex ante liquidity management strategies as reflected in …

affects bank lending depends on whether the banks are drawing on official-sector liquidity facilities. Third, liquidity … financial crisis. Yet we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through … studies conducted in eleven countries to explore liquidity risk transmission. Among the main results is, first, that …

We use daily data on bank reserves and overnight interest rates to document a striking pattern in the high … analyze a model federal funds market where uncertain liquidity flows transaction costs induce banks to delay trading bid up … interest rates at end each period. In this context, central bank's interest-rate-smoothing policy causes high supply liquid be …

range of diverse business activities. This requires an approach for aggregating risk types (market, credit, and operational … distribution for a typical large, internationally active bank. This technique allows us to incorporate realistic marginal … benefit, typically overestimates risk by about 30 to 40 percent. -- market risk ; credit risk ; operational risk ; risk …

Remarks at the Workshop on Reforming Culture and Behavior in the Financial Services Industry, Federal Reserve Bank of …

Remarks at the Workshop on Reforming Culture and Behavior in the Financial Services Industry, Federal Reserve Bank of …