We study how the consequences of violations of covenants associated with bank lines of credit to firms vary with the … the heart of a new bank liquidity channel. This channel complements the traditional bank lending channel, which focuses on … financial health of lenders. Following a violation banks restrict usage of lines of credit by raising spreads, shortening …

included in this study. Systemic liquidity management, payment system, and insolvency and creditor rights are explained under …

which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to …

credit growth in select countries. We develop regression models of the fundamental determinants of bank credit and use them …In this paper, we analyze credit growth in Sub-Saharan Africa over the past decade focusing on the post-2002 rapid … to examine whether they can fully explain developments in rapid credit growth countries. We then argue that rapid credit …

resulting in an acceleration of bank lending. In particular, regulatory reforms pertaining to loan classification and … provisioning as well as liquidity requirements are reviewed and evaluated against best practices. The paper concludes that …

indicate that the banking system is relatively resilient to the direct effects of individual shocks, with credit risk having … the greatest impact. Deficiencies in the framework for banks’ liquidity management are developmental in nature but need …

This paper presents an update on Iceland’s Financial System Stability Assessment. Liquidity ratios, while high, now … depend more than before on access to central banks’ liquidity facilities because of the turmoil in global markets, and any … reduction in such access would require changes in the banks' liquidity management strategy. Capital levels, although above …

would be vulnerable to a deterioration in credit quality. The banking sector needs to play a more effective role in …