, in the context of the eurozone periphery, the increase in domestic government bond holdings, the reduction of bank credit …

financial crisis even after controlling for capital, liquidity, and other standard bank performance measures. While high price …

of credit default swap (CDS) transactions between banks, we identify bank CDS returns attributable to counterparty losses …. A bank's own CDS spread increases whenever counterparties from whom it has purchased default protection themselves … experience losses. We find no such effect from losses of non-counterparties, nor from counterparties to whom the bank has sold …

introduction of liquidity regulations. These changes were motivated in part by the argument that central bank lending entails … institutions. Using examples from the recent crisis, we argue that central bank lending is the best response in the former …

We examine the impact of banks' liquidity risk management on secondary loan sales. We track the dynamics of bank loan … bank loans administered by U.S. regulators. We analyze the 2007-2009 financial crisis as a market-wide liquidity shock and … importance of bank liquidity risk management as a motivation for loan sales, in addition to the credit risk transfer motive …

We construct a novel U.S. data set that matches bank holding company credit default swap (CDS) positions to detailed U …