Bank capital is an important determinant of secondary market liquidity of loans that a bank originates and syndicates …. Higher bank capital is associated with significantly narrower loan bid-ask spreads. This effect is stronger when banks are … to bank capital generated by housing market exposures and the 2012 JPMorgan ‘London Whale' incident are suggestive of …

impact of bank credit supply frictions on firm performance. I exploit differences in the composition of banks' liabilities … structure during the financial crisis of 2007-2009 as a source of exogenous variation in the availability of bank credit to … nonfinancial firms, in order to identify the causal relationship between bank credit supply and firm performance, measured by firms …

financial implications for firms that use credit lines as an instrument of liquidity management … under previously committed credit lines. We show that during the collapse of the Asset Backed Commercial Paper market in the … conditions on the outstanding credit lines offered to borrowers in violation of a covenant. Looking at the broader period of the …

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 …

. Finally, compression of financial wedges, increasing credit risks, and higher liquidity-capital requirements (over 2021 …This document analyses monetary policy effects on transmission of credit interest rates in Colombia with particular … attention to the period of global liquidity spurred by the COVID-pandemic during 2020-2022. Challenges for banks operating in …

. Our results suggest, however, that banks propagate liquidity shocks by reducing credit only to a certain type of borrowers …. Importantly, in the financial crisis banks passed the liquidity shock only to public firms and not to private firms. Loans to …