The convention in calculating trading costs in corporate bond markets is to assume that dealers provide liquidity to … provide liquidity in corporate bond markets, and thus, average bid-ask spreads underestimate trading costs that customers … results indicate that liquidity decreased in corporate bond markets and can help explain why despite the decrease in dealers …

We study how optimal bank capital and bond risk are influenced by deposit insurance, implicit guarantees, depositor … optimal amount of bank capital. The net effect on bond debt risk and valuation is small, while the effects on shareholder … preference, asset encumbrance, and bail-in resolution frameworks. We find that these features of bank financing change the …

We assess the impact on bank bond holdings of regulatory changes in the requirements for bail-inable liabilities …) induced banks to increase their holdings of eligible bank bonds, especially if issued by other banks. The requirement for own … debt issued by global systemically important banks. Finally, we find evidence of increased within-country bank …