Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …

Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …

Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …

regulation and are such that banks remain special as both routine and emergency liquidity providers to NBFIs. We support this … contingent liquidity risk from the provision of credit lines to NBFIs; and (iii) Empirical work confirms bank-NBFI linkages …

provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to …We examine the financial conditions of dealers that participated in two of the Federal Reserve's lender … higher bidding rates. Dealers with less liquid collateral on their balance sheets before the facilities were introduced also …