In this paper we propose definitions of funding liquidity and funding liquidity risk and present a simple, yet … intuitive, measure of funding liquidity risk based on data from open market operations. Our empirical analysis uses a unique … our proxies for funding liquidity risk are typically stable and low, with occasional spikes, especially during the recent …

liquidity. Asset shocks impair a bank's ability to roll over debt because of agency problems associated with high leverage. In … turn, banks hoard liquidity and decrease term lending as their rollover risk increases over the term of the loan. High …

A theory of land market activity is developed for settings where there is uncertainty and private information about the … market transactions. The implications of the theory are tested using household level data from Indonesia. As predicted …. Additional implications of the theory are verified empirically by constructing a proxy variable for land tenure security and …

We offer a multi-period systemic risk assessment framework with which to assess recent liquidity and capital regulatory … requirement proposals in a holistic way. Following Morris and Shin (2009), we introduce funding liquidity risk as an endogenous … outcome of the interaction between market liquidity risk, solvency risk, and the funding structure of banks. To assess the …