How do capital and liquidity buffers affect the evolution of bank loans in periods of financial and economic distress … relates macroeconomic aggregates to individual bank balance sheet items and interest rates. We find that banks with high … liquidity buffers also affect bank responses to monetary policy shocks. High bank capitalisation reduces the degree to which …

contagion which can be used to calibrate bank-specific capital and liquidity requirements and large exposures limits. We find … non-linear function of the combination of network structures and bank-specific characteristics …

bank and auction rates in its open market operations in times of financial market stress. In a theoretical model, it is … found that marginal rates at central bank auctions may increase if the share of troubled banks becomes too high relative to … market operations needed to absorb large stress levels in interbank money markets and hence contain central bank auction …

bidding data from the European Central Bank's auctions for one-week loans, their main channel of monetary policy …-based measures of bank performance, suggesting the external validity of our findings …

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 …

-à-vis the central bank and the interbank market. The results show that the Italian interbank market functioned well even during …

The Federal Reserve responded to the global financial crisis by initiating an unprecedented expansion of central bank … money (bank reserves) once the policy rate had reached the lower bound. To capture the salient features of the crisis, we … develop a model where the central bank can provide reserves on demand and also use reserves to buy government bonds. We show …

loan scale. A financial crisis, simulated as an abrupt decline in the collateral value of bank assets, triggers a flight to …