The paper studies the central bank collateral framework and its impact on banks’ liquidity under an adverse stress test … four funding channels: unsecured loans, asset sales, private repurchase agreements, or Central Bank lending. We test three … highlight the heterogeneous effects across different jurisdictions and financial institutions. We find that bank equity losses …

, within a closed system of financial accounts. We analyze how the elasticity of liquidity provision by a central bank depends … on the international monetary regime in which the relevant country operates and on specific central bank policies like … central bank that operates under a paper standard with a flexible exchange rate and without a monetary financing prohibition …

This paper analyses the potential roles of bank asset fire sales and recourse to central bank credit to ensure banks …' funding liquidity and solvency. Both asset liquidity and central bank haircuts are modelled as power functions within the unit … interval. Funding stability is captured as strategic bank run game in pure strategies between depositors. Asset liquidity, the …