Firms with limited internal liquidity significantly increased prices in 2008, while their liquidity unconstrained …. These results reflect the firms' reaction to preserve internal liquidity and avoid accessing external finance, factors that …

controlling for standard risk factors. Liquidity deteriorates on FTS days both in the bond and equity markets. Both economic …

We examine the impact of banks' liquidity risk management on secondary loan sales. We track the dynamics of bank loan … bank loans administered by U.S. regulators. We analyze the 2007-2009 financial crisis as a market-wide liquidity shock and … importance of bank liquidity risk management as a motivation for loan sales, in addition to the credit risk transfer motive …

already increased in 2007, precisely when disruptions in bank funding markets began to squeeze aggregate liquidity. Consistent … with theory, our results confirm that firms use drawdowns to sustain investment after an idiosyncratic liquidity shock …. Low aggregate liquidity amplifies this effect significantly. During the financial crisis, the effect of drawdowns on …

During the 2007-09 financial crisis, there were severe reductions in the liquidity of financial markets, runs on the … Reserve, in its role as lender of last resort (LOLR), injected extraordinary amounts of liquidity. In the aftermath, lawmakers … introduction of liquidity regulations. These changes were motivated in part by the argument that central bank lending entails …

We examine the impact of banks' liquidity risk management on secondary loan sales. We track the dynamics of bank loan … bank loans administered by U.S. regulators. We analyze the 2007-2009 financial crisis as a market-wide liquidity shock and … importance of bank liquidity risk management as a motivation for loan sales, in addition to the credit risk transfer motive …