- border lending after the Lehman failure; for banks headquartered in periphery countries, the impact is quantitatively … the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on …

- border lending after the Lehman failure; for banks headquartered in periphery countries, the impact is quantitatively … the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on …

This paper analyzes the individual bidding behaviour of German banks in the money market auctions conducted by the ECB … characteristics of the individual banks into account. In particular, we consider variable that capture the different use of liquidity … and the different attitude towards liquidity risk of the individual banks. It turns out that these characteristics are …

This paper analyzes the individual bidding behaviour of German banks in the money market auctions conducted by the ECB … characteristics of the individual banks into account. In particular, we consider variable that capture the different use of liquidity … and the different attitude towards liquidity risk of the individual banks. It turns out that these characteristics are …

Central banks are under increased scrutiny because of the rapid growth in, and composition of, their balance sheets … studying an extensive dataset of banks' liquidity uptake and pledged collateral in central bank repos. We document systemic … arbitrage whereby banks funnel credit risk and low-quality collateral to the central bank. Weaker banks use lower quality …

This paper analyzes the individual bidding behaviour of German banks in the money market auctions conducted by the ECB … characteristics of the individual banks into account. In particular, we consider variable that capture the different use of liquidity … and the different attitude towards liquidity risk of the individual banks. It turns out that these characteristics are …

This paper analyzes the individual bidding behavior of German banks in the money market auctions conducted by the ECB … characteristics of the individual banks into account. In particular, we consider variables that capture the different use of liquidity … and the different attitude towards liquidity risk of the individual banks. It turns out that these characteristics are …

banks' dependence on individual bank managers as private information in the lending process declines. In this paper we argue … that this has two effects on banks, with opposing implications for banking stability. First, the hold-up problem between … bank managers and shareholders becomes less severe. Consequently, banks' capital structure needs to be less concerned with …

In a theoretical model of the Diamond-Dybvig style, in which deposit-taking banks and financial markets coexist, bank … the interaction of market liquidity and banks' funding liquidity in the propagation of shocks in the financial system. Our … deteriorations as a consequence of fire sales of assets in financial markets. Nevertheless, banks only prefer holding liquidity …

, while—on the intensive margin—riskier borrower banks suffer more. Moreover, the cross-border liquidity crunch is … substantially stronger for term loans, and weaker for foreign lender banks that have a subsidiary in the same country than the …