explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … and to information acquisition. It then looks at what economics can contribute to the debate on systemic risk and its … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how …

inclusion (together with some control variables) on some measures of financial stability, including bank non-performing loans … and bank Z-scores. We find some evidence that an increased share of lending to small and medium-sized enterprises (SMEs …

. Asian economies are often characterized as having bank-dominated financial systems and underdeveloped capital markets, in …

case of bank default, and provides it with sufficient funds as precautionary reserves. To identify and classify healthier …

Credit creation in the housing market has been a key source of systemic financial risk, and therefore is at the center …

Germany's bank-based financial system provides a high level of financial inclusion, measured by bank outreach and use … implementing the right to a basic bank account with an overdraft facility and protection against attachment, establishing public … credit bureaus, redirecting banking regulation toward the protection of borrowers in long-term credit relationships, and …