changes in financial intermediaries' balance sheets for the supply of credit, liquidity and asset prices, and, consequently …

the model to the post-war US economy and the numerical solution show that the model is able to depict plausible bubble …

prices that banks pay for liquidity, captured here by borrowing rates in repos with the central bank and benchmarked by the … liquidity. We find that the price a bank pays for liquidity depends on the liquidity positions of other banks, as well as its … own. There is evidence that liquidity squeezes occasionally occur and short banks pay more the larger is the potential for …

common knowledge that some banks have incurred losses but not which ones. We develop a model that features contagion, meaning … that banks not hit by shocks may still suffer losses because of their exposure to banks that are. In addition, we assume … banks can profitably invest funds provided by outsiders, but will divert these funds if their equity is low. Investors thus …

This paper analyzes the contagion effects associated with the failure of Silicon Valley Bank (SVB) and identifies bank …-specific vulnerabilities contributing to the subsequent declines in banks' stock returns. We find that uninsured deposits, unrealized losses in … of liquid securities did not help mitigate the negative spillovers. Interestingly, banks whose stocks performed worse …

system is to promote the capital development of the economy. By this he did not simply mean that banks should finance …

bond market liquidity. In order to stabilize these markets, policy makers recently proposed that the trading of corporate … only if it is feasible for him to also affect market liquidity, by either increasing or decreasing it. …

secured debt became the most widely used concept to coinsure against liquidity shocks. However, since financial assets are …