funds and the optimal policy of a central bank in response to liquidity shocks. We show that, when confronted with a … distributional liquidity-shock crisis that causes a large disparity in the liquidity held by different banks, a central bank should … erodes financial stability by increasing the probability of bank runs. …

this policy through banks. This paper examines the role of bank liquidity, capitalization and market power as internal … monetary policy change on bank performance is also considered. The empirical analysis, using large panel datasets for the … rates by disaggregating down to the individual bank level. This is achieved by the use of a Local GMM technique that also …

holds true for the protection of the stability of an individual bank as it does for that of a whole national or even … international financial system. The liquidity problems of a bank can certainly have a variety of causes. However, as an examination … of the history of bank insolvencies and financial crises shows, an accelerated withdrawal of bank deposits by unsecured …

estimated New Keynesian model with a bank. A key dimension of policy in the crisis was massive government support for banks … bank asset losses, of government support for banks, and other fiscal stimulus measures, in the EA. Our results suggest that …

monetary policy actions and bank rescue measures have become increasingly intertwined. However, there are important differences …, not only between the EU and the United States (e.g. with regard to the involvement of the central bank), but also within …

evidence for the existence of a bank lending channel of monetary policy transmission in the euro area. In addition, and in … potential negative repercussions on real economic growth of bank balance sheet impairments arising in the context of the …