used to compute yields for the respective Länder at a daily frequency. Inaddition, we construct a measure of liquidity …

should market liquidity dry up. In a first step, this paper explains whyhigh quality firms introduce a maturity mismatch into …

that on-the-run statushas only a negligible effect on the liquidity and pricing once other factors havebeen controlled for …

component, a pure liquidity component, and a component measuring therelation between credit risk and liquidity. CDS liquidity … has important consequences for the bondcredit risk and liquidity components. Besides the credit risk link, we document a … liquidity linkbetween the bond and the CDS market. Liquidity in both markets dries up as credit risk increases,and higher bond …

credit risk and liquidity. IfCDS and bonds are used in a dynamic hedging strategy or in a basis trading strategy thatdepends …

perspective of global liquidity. The CRT market is enormouslygrowing and exhibits major structural shifts in terms of buyers and … sellers ofprotection. I try to address these issues from an options perspective by suggestingthat liquidity providing can be … se, as oftenclaimed, which causes liquidity related systemic risk, but rather the potential coordinationfailures of the …

Ausschuss durch seineForderungen in Form der „Sound Practices for Managing Liquidity in Banking Organisations”und die nationalen … demInstrumentarium des Liquidity at Risk auf, welcher den mit vorgegebener Wahrscheinlichkeitmaximal zu erwartenden Liquiditätsbedarf …

-linear relationship between the leverage ratio and liquidity holdings. Dividendpayments and operating cash flows are positively related to …

face uncertain liquidity needs. The ambiguitythe consumers experience is modeled by the degree of condence in their … additive beliefs. Weanalyze the optimal liquidity allocation and two institutional settings for implementing thisallocation: a … liquidity needs. With increasing ambiguity this preference will be reversed:the asset market is preferred, since it avoids …