This paper presents new evidence on the empirical relationship between bank solvency and funding costs. Building on a newly constructed dataset drawing on supervisory data for 54 large banks from six advanced countries over 2004-2013, we use a simultaneous equation approach to estimate the...

This book is unique in providing the first full English translation of Menger’s seminal article Geld – one of the most influential papers on the origin of money. The editors aim to facilitate a broader and more detailed discussion of Menger’s method, theory and findings with this...

A framework to run system-wide, balance sheet data-based liquidity stress tests is presented. The liquidity framework includes three elements: (a) a module to simulate the impact of bank run scenarios; (b) a module to assess risks arising from maturity transformation and rollover risks,...