This paper uncovers if and how insurance companies react to shocks to collateral in their portfolio of securitized …

In the presence of macroeconomic shocks severe enough to threaten the liquidity or solvency of the banking system, the …

Asset-based lending, the supply of loans based on floating collateral, is an important source of funding for small .rms … firms. Close monitoring of collateral by lenders results in an informational advantage for the incumbent lender and third …

This paper studies banks' liquidity provision in the Lagos and Wright model of monetary exchanges. With aggregate …

Do digital payment technologies generate liquidity premia like cash and Treasury? We provide an estimate in the context … the introduction of money market funds that users on this platform can hold and use for digital transactions. We find that …, once a fund becomes eligible for these transactions, its size increases by 45 times on average. Through the lens of a …

reserves (a liquidity crisis) occurs endogenously. We show that discount window lending by the LLR is welfare-improving but … reduces banks' ex-ante incentive to hold monetary reserves, which increases the probability of a liquidity crisis, and can …

the EMU. -- monetary union ; inflation ; differentials ; collateral constraints ; cross-country heterogeneity ; household …