liquidity risk and characterizes them. Both a solvency (leverage) and a liquidity ratio are required to control the … interpret the 2007 run on SIV and ABCP conduits. -- stress ; crises ; illiquidity risk ; insolvency risk ; leverage ratio …

This paper analyzes the effect of the removal of government guarantees on bank risk taking. We exploit the removal of …

, 2008), this paper analyses the adequate policy response to endogenous systemic liquidity risk. We analyse the feedback … inferior to imposing minimum liquidity standards ex ante combined with lender of last resort policy. -- liquidity risk ; free …

financial transactions tax is entirely neutral. Second, in a model with correlated investment risk and short-term financing of …

This paper provides a framework for modeling the risk-taking channel of monetary policy, the mechanism how financial …

the default risk of banks designated as globally systemically important by the Financial Stability Board. We find that … bank market values hardly respond to changes in the default risk of individual systemic banks. Together, however, changes … in systemic banks' default risk explain a substantial part of changes in other banks' market values. This result is …

This paper seeks to understand the interplay between banks, bank regulation, sovereign default risk and central bank … regulators in risky countries have an incentive to allow their banks to hold home risky bonds and risk defaults, while regulators … cheaply, effectively shifting the risk of some of the potential sovereign default losses on the common central bank. …