appeal to these investors. The effect of the widened liquidity gap on transactions costs is further amplified by a surge in … the price liquidity providers charge for access to their balance sheets in the crisis …

We test the effects of uncertainty on market liquidity using Hurricane Sandy as a natural experiment. Given the …

This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in … long time. -- liquidity trap ; financial crisis ; rare disasters ; equity capital ; leverage ; bankruptcy risk …

central bank. Focusing on government bonds, we develop clean identification of variation in such convertibility by exploiting … differential treatment of same-country government bonds in the euro area. Combining difference-in-differences analysis with yield …

credit spreads during 2002-2012: a liquidity regime and a default regime. Both regimes contribute to the patterns observed in … credit spreads. The liquidity regime seems to explain the predictive power of credit risk on the 2007-2009 NBER recession …

institutions during the resolution of a financial crisis. First, we examine how Morgan coordinated emergency liquidity infusions … applicants for liquidity had participated in earlier bond underwriting syndicates with Morgan. The single denial of aid was to an … distinguishable effect during the Panic on the prices of bonds underwritten by his syndicates. We find that during the Panic bond …

CAT bonds are important instruments for the insurance of catastrophe risk. Due to a low degree of deal standardization …, there is uncertainty about the determination of the CAT bond premium. In addition, it is not apparent how CAT bonds react … Katrina an increased risk perception for hurricanes can be observed. -- CAT bonds ; financial crisis ; catastrophe events …