in 2017, there was no commensurate shrinkage of these claims on liquidity. Consequently, the financial sector was left … more sensitive to potential liquidity shocks, with weaker-capitalized banks most exposed. This necessitated Fed liquidity … provision in September 2019 and again in March 2020. Liquidity-risk-exposed banks suffered the most drawdowns and the largest …

differences in "preferences and technologies." Large banks offer superior liquidity services but lower deposit rates, and locate …

Exposure to liquidity risk makes banks vulnerable to runs from both depositors and from wholesale, short-term investors …

' provision of liquidity insurance in the form of credit lines, their significance in managing corporate liquidity, and the …

liquidity risk. When a syndicated loan to a rated borrower has systematic liquidity risk, the fraction of passive participant … lenders that are banks is about 8% higher than for loans without liquidity risk. In contrast, liquidity risk does not explain … the share of banks as lead lenders. Using a new measure of ex-ante liquidity risk exposure, we find further evidence that …