increased moderately. This de-leveraging effect is stronger for firms exposed to significant rollover risk, while firms whose …

This paper assesses liquidity risk for the United States (U.S.) bond mutual funds industry and performs a range of … Distress'. Overall, most U.S. mutual funds are resilient yet high yield (HY) and loan funds would face a liquidity shortfall …

The growth-at-risk (GaR) framework links current macrofinancial conditions to the distribution of future growth. Its … GaR analysis, policymakers can quantify the likelihood of risk scenarios, which would serve as a basis for preemptive …

The analysis of interconnectedness and contagion is an important part of the financial stability and risk assessment of …

unhedged borrowers. This measure explicitly takes into account the indirect exchange rate risk that banks undertake when they … lend to borrowers that will not be able to repay in the event of a sharp depreciation. Such systemic risk taking is not …

This paper provides an overview of indicators that can be used to illustrate and analyze liquidity developments in … aspects of market liquidity, namely tightness (costs), immediacy, depth, breadth, and resiliency. These measures are applied …''s degree of liquidity and because market-specific factors and peculiarities must be considered …

We augment a linearized dynamic stochastic general equilibrium (DSGE) model with a tractable endogenous risk mechanism … their conditional distributions. In particular, the model matches the key stylized facts of growth at risk. Accounting for …

financial institutions. The paper finds that (i) indicators on leverage, liquidity, and business scope can help identify the … frequencies react positively to shocks to leverage, inflation, global financial stress, and global excess liquidity, and …