Standard economic theory says that unsecured, high-interest, short-term debt — such as borrowing via credit cards and … and liquidity constraints, captured by credit limits, do not bind. Standard economic models predict a strictly … bank overdraft facilities — helps individuals smooth consumption in the event of transitory income shocks. This paper shows …

-shock bank capital, explain why banks were able to accommodate these liquidity demands …In March of 2020, banks faced the largest increase in liquidity demands ever observed. Firms drew funds on a massive … scale from pre-existing credit lines and loan commitments in anticipation of cash flow disruptions from the economic …

we examine retail bank lending in Germany using a unique data set of German savings banks during the period 2006 through … bank lending and find that the US financial crisis induced a contraction in the supply of retail lending in Germany. While … nonaffected banks. This result is particularly strong for smaller and more liquidity-constrained banks as well as for mortgage as …

monetary policy. The theory unifies an endogenous supply of illiquid local loans and risk-sharing among subsidiaries of bank …

. Exploiting cross-county, cross-time shale discoveries that generated liquidity windfalls at local bank branches, we construct …We evaluate the impact of the credit conditions facing corporations on their emissions of toxic air pollutants … liquidity shocks through their branches in shale counties and (2) the degree to which a corporation in a non-shale county has a …

Both investors and borrowers are concerned about liquidity. Investors desire liquidity because they are uncertain about … when they will want to eliminate their holding of a financial asset. Borrowers are concerned about liquidity because they … compensation for the illiquidity investors will be subject to. We argue that banks can resolve these liquidity problems that arise …

Banks are unique among financial institutions because they are the cheapest source of liquidity in the economy. Banks … market substitutes for bank liabilities do not escape from the cost of reserves since their issuers lean on banks to provide … liquidity. Since the cost of reserves falls on all issuers of less liquid liabilities seeking access to payment services …

We use supervisory loan-level data to document that small firms (SMEs) obtain shorter maturity credit lines than large … recession, we test the prediction that SMEs are subject to greater lender discretion by examining credit line utilization. We …

The paper proposes a two-step approach to assessing the extent to which the fall in credit in crisis-stricken East … indicate that the contraction in bank lending that accompanied the crisis was the result of supply factors …