This paper studies how global banks transmit liquidity shocks via their internal capital markets. The unexpected access … as our liquidity shock. Using microdata on all affiliates abroad, we test whether affiliates located outside the US … actively managed internal capital markets and the increased centralization of global banks' liquidity management at the …

the innovations in the VIX index. Aggregate liquidity can be seen as the rate of change of the aggregate balance sheet of …

Funding liquidity risk has played a key role in all historical banking crises. Nevertheless, a measure based on … reveals funding liquidity risk. We can extract an insurance premium from banks' bids which we propose as measure of funding … liquidity risk. Using a unique data set consisting of all bids in the main refinancing operation auctions conducted at the ECB …

This study outlines a methodology for mapping the increases in capital and liquidity requirements proposed under Basel …

funding more costly, while uninsured branches of foreign banks enjoyed cheaper access to wholesale liquidity. We use quarterly … uninsured foreign banks, which faced a relatively positive shock, engaged in liquidity hoarding. Hence, they accumulated more …

traded quantities are determined by means of an assortative matching process. Contagion occurs through liquidity hoarding … stability/efficiency trade-off. Liquidity requirements unequivocally decrease systemic risk, but at the cost of lower efficiency …

To the best of our knowledge, this is the first study to estimate the effect of liquidity regulation on bank balance … sheets. It takes advantage of the fact that not all banks were made subject to tighter liquidity regulation by the UK … find that banks adjusted both their asset and liability structures to meet tighter liquidity requirements. Banks increased …