-crisis levels. Conversely, the responsiveness of international bank lending to global risk conditions declined steadily throughout … sensitivity of international bank lending to global risk was mainly driven by increases in the lending shares of better …

This paper proposes a simple homogeneous dynamic model of investment and corporate risk management for a financially … constrained firm. Following Froot, Scharfstein, and Stein (1993), we define a corporation's risk management as the coordination of … investment and financing decisions. In our model, corporate risk management involves internal liquidity management, financial …

quot;Risk managementquot; in securities markets refers to the oversight of portfolio managers and professional traders … risk-taking behavior, is measured by principals using security market prices. We study the optimality of the practice of …

-sectional differences in response to liquidity risk depend on the banks' shares of core deposit funding. By contrast, differences across …

aggregate uncertainty. Gains from more efficient capital allocation and gains from risk sharing are accounted for simultaneously …

provide market liquidity as broker-dealers and traders in securities and derivatives markets, in loan syndication and sales … in producing funding liquidity because of their comparative advantage in managing funding liquidity risk. This advantage …