Adrian, Tobias - Federal Reserve Bank of New York - 2015
-causes higher solvency risk. These results point toward a tight interaction between solvency and liquidity risk over time. My …Pierret (2015) presents empirical analysis of the solvency-liquidity nexus for the banking system, documenting that a … shock to the level of banks’ solvency risk is followed by lower short-term debt. Conversely, higher short-term debt Granger …