provisioning rates for loans under temporary liquidity stress. Matched bank-firm data reveal that troubled banks took advantage of …

credit easing, defined as a combination of lending to financial institutions, providing liquidity directly to key credit …

ensuring that liquidity would be distributed to those institutions that needed it most. Conceptually, this meant America …

Reducing systemic liquidity risk related to seasonal swings in loan demand was one reason for the founding of the … that a bank's position within the interbank network (as a user or provider of liquidity) predicts the timing of its entry …

and sources of risk to net income, evaluating intertemporal solvency requires overcoming the difficult challenge of …

new proxy for innovations in perceived changes in sovereign risk based upon Google-search data. We find robust evidence …

This paper employs a novel multi-country dataset of corporate defaults to develop a model of distress risk specific to … emerging markets. The data suggest that global financial variables such as US interest rates and shifts in global liquidity and … risk aversion have significant predictive power for forecasting corporate distress risk in emerging markets. We document a …

This paper models a firm's rollover risk generated by conflict of interest between debt and equity holders. When the … market liquidity and shorter debt maturity can exacerbate this externality and cause costly firm bankruptcy at higher … fundamental thresholds. Our model provides implications on liquidity-spillover effects, the flight-to-quality phenomenon, and …