provide much collateral. We document that firms partially offset reduced credit supply by establishing new bank relationships … real economy. We investigate the importance of the bank lending and firm borrowing channel in the international … transmission of bank distress to the real economy - in particular, to real investment and labor employment by nonfinancial firms …

affects bank lending depends on the whether the banks are drawing on official sector liquidity facilities. Third, liquidity … heterogeneity in the balance sheet characteristics that affect banks’ responses to liquidity risk. Overall, bank balance sheet … financial crisis. Yet, we know little about the actual magnitudes and mechanisms for transmission of liquidity shocks through …

-to-asset ratios, liquidity coverage ratios and regulatory margin calls on the dynamics of loan supply and bank stability. Only … regulatory margin calls or large liquidity coverage ratios achieve bank stability for all risk levels, but for large risks a bank …A bank's decision on loan supply and capital structure determines its immediate bankruptcy risk as well as the future …

We investigate whether idiosyncratic interbank funding shocks affecting a bank headquarters can trigger a liquidity …-wide freeze. These effects increase in branches' reliance on internal funding and vary depending on banks' access to central bank … emergency liquidity. Our findings suggest that the geographical fragmentation of branches' funding limits their ability to …

In this paper we introduce two measures, the Systemic Liquidity Buffer (SLB) and the Systemic Liquidity Shortfall (SLS …) to assess liquidity in the banking system. The SLB takes an aggregated perspective on liquidity risks in the banking … system. In contrast, the SLS focusses on the problematic banks which suffer a liquidity shortfall. These measures provide an …

We study efficiency properties of competitive economies in which banks provide liquidity insurance and interact on … secondary asset markets. While all banks are subject to extrinsic risk, a bank's portfolio choice determines whether it is prone … to a bank run in one of the extrinsic states. Asset prices determine the value of bank assets and thus how to structure …

Exploiting confidential data on individual German bank balance-sheets, I analyse what characterises a bank that opts to …

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on … the proprietary bank-to-bank European interbank dataset extracted from Target2 and also exploit the Lehman and sovereign … on interbank access and volume is stronger than on spreads. Liquidity supply restrictions are exacerbated for cross …

How does bank distress impact their customers' probability of default and trade credit availability? We address this … bank-induced increase of firms' probabilities of default. Moreover, bailouts tend to reduce trade credit availability and … question by looking at a unique sample of German firms from 2000 to 2011. We follow their firm-bank relationships through times …

We show that the transmission of the European Central Bank’s (ECB) recent monetary policy tightening differs across … reserve-rich banks’ credit supply is less sensitive to the monetary policy tightening compared to other banks. The effect …