Mattana, Elena; Panetti, Ettore - Volkswirtschaftliche Fakultät, … - 2012
We report evidence that bank liquidity ratios (liquid assets as a percentage of total assets) decrease during the … banks react to this by lowering their liquidity ratios. In a panel of 45 countries, we find evidence that such a mechanism … is into place: a one-unit increase in an index of securities market liberalization leads to a drop in the bank liquidity …