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Are banks passive liquidity backstops? : deposit rates and flows during the 2007-2009 crisis

Acharya, Viral V.; Mora, Nada - 2012

Persistent link: https://www.econbiz.de/10009506561

Market-specific and currency-specific risk during the global financial crisis : evidence from the interbank markets in Tokyo and London

Fukuda, Shin'ichi - 2011

"This paper explores how international money markets reflected credit and liquidity risks during the global financial … markets, while liquidity risk caused the difference across the currency denominations. They also support the view that a … shortage of US dollar as liquidity distorted the international money markets during the crisis. We find that coordinated …

Persistent link: https://www.econbiz.de/10009006752

Uncertainty and liquidity

Giovannini, Alberto - 1987

Persistent link: https://www.econbiz.de/10000724900

Bailouts, the incentive to manage risk, and financial crises

Panageas, Stauros - 2009

"A firm's termination leads to bankruptcy costs. This may create an incentive for outside stakeholders or the firm's debtholders to bail out the firm as bankruptcy looms. Because of this implicit guarantee, firm shareholders have an incentive to increase volatility in order to exploit the...