Using large panel data of public and private firms, this paper dissects the growth of bond financing in the Euro Area … through the lens of the cross-section of issuers. In recent years, the composition of bond issuers has shifted, with the entry … of many smaller and riskier issuers. New issuers invest and grow, instead of simply repaying bank loans. Moreover …

We study the transmission of liquidity shocks in a dynamic general equilibrium model where firms and households are … subject to liquidity risk. The provision of liquidity services is undertaken by financial intermediaries that allocate the … stock of liquid asset between the different sectors of the economy. We find that the macroeconomic effects of liquidity …

' 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 … bank collateral and why a sudden non-anticipated reduction of asset liquidity, or a tightening of the collateral framework …

national liquidity requirements to proxy for banks' incentives to exploit this differential treatment of central bank eligible …We analyze the pledging behavior of Euro area banks during the introduction of the liquidity coverage ratio (LCR). The … LCR considers only a subset of central bank eligible assets and thereby offers banks an arbitrage opportunity to improve …

relationship between bank solvency, on the one hand, and senior bond yields, term deposit rates and overnight deposit rates, on the …This paper investigates the relationship between bank funding costs and solvency for a large sample of euro area banks … other. The analysis finds a significant negative relationship between bank solvency and the different types of funding costs …

banks had a large impact on exposed bonds’ liquidity. Moreover, based on these ties, we show that bond mutual fund panic …

countries. This paper shows that consumers' desire to monitor liquidity is one of the reasons. Consumers make use of a … predictions: consumers who need to keep control over their remaining liquidity and who have elevated costs of information …

increased delays in public payments can affect private sector liquidity and profits and hence ultimately economic growth. We …