This paper presents evidence that personal relationships between corporate borrowers and bank loan officers improve the … outcomes of loan renegotiation. Analysing a bank reorganization in Greece in the mid-2010s, I find that firms that experience …

-shares of the same fund during the unprecedented liquidity crisis in March 2020. For an average bond or equity mutual fund … collective "dash for cash" by consumers and firms in need of liquidity at the outset of the COVID-19 pandemic was not the source …

banks had a large impact on exposed bonds' liquidity. Moreover, based on these ties, we show that bond mutual fund panic …

Banks in the euro area can generate high-quality liquid assets (HQLA) by borrowing central bank reserves from the … Eurosystem against non-HQLA collateral. This paper quantifies the extent of this liquidity transformation and finds that on … average EUR 0.92 of net HQLA are generated for each euro of credit provided by the Eurosystem. The paper then identifies …

This paper investigates the relationship between bank funding costs and solvency for a large sample of euro area banks … relationship between bank solvency, on the one hand, and senior bond yields, term deposit rates and overnight deposit rates, on the … other. The analysis finds a significant negative relationship between bank solvency and the different types of funding costs …

While regulatory capital buffers are expected to be drawn to absorb losses and meet credit demand during crises, this …-cyclical behaviour to preserve capital ratios. By employing granular data from the credit register of the European System of Central … Banks, we isolate credit supply effects and find that banks with little headroom above regulatory buffers reduced their …

of a bank and calibrate it to our empirical estimates. A bank with access to LOLR has higher equity value and makes …

overnight unsecured loans. Using proprietary bank-level data, we find that interbank rate uncertainty signi cantly raises … and the 2010-2012 European sovereign crisis. This effect is attenuated for banks with lower credit risk, sounder capital … positions and greater access to central bank funding. …