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form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …
Persistent link: https://www.econbiz.de/10013105297
form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …
Persistent link: https://www.econbiz.de/10013085123
form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …
Persistent link: https://www.econbiz.de/10013091385
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form of monitored liquidity insurance. Bank monitoring and resulting credit line revocations help control illiquidity … because the cost of monitored liquidity insurance increases with liquidity risk. We exploit a quasi-experiment around the …
Persistent link: https://www.econbiz.de/10012459769
We suggest a new mechanism–the liquidity insurance channel–based on the widespread reliance of high credit quality … firms on bank credit lines for liquidity management. Our model matches the patterns of usage of loans and credit lines in … the cross-section of firms, and defines the conditions under which shocks to bank health affect primarily low or high …
Persistent link: https://www.econbiz.de/10012936015
),1 which leads to “fire-sale”–related pecuniaryexternalities; and bank interconnectedness (Allen and Gale2000; Kahn and Santos …
Persistent link: https://www.econbiz.de/10005869397