Lack of transparency in securitization transactions significantly contributed to the severe financial crisis of … 20072009. To increase transparency we propose a new mechanism: financial claims with fingerprints. They would allow market … considerably enhance transparency in securitization transactions at the expense of some transaction costs, while reducing the need …

During a financial crisis, when markets most need liquidity and arbitrage tradings, hedge funds often reduce their … capital structure of hedge funds, combined with low market liquidity, introduces coordination risk to hedge fund's investors …

the post-crisis regulations—the re-distribution of liquidity among assets with different risk weights assigned to them …

We examine the microstructure of liquidity provision in the COVID-19 corporate bond liquidity crisis. During the two …-primary dealers, shifted from buying to selling, causing dealers' inventories to plummet. Liquidity provisions in electronic customer …-to-customer trading increased, though at prohibitively high costs. By improving dealer funding conditions and providing a liquidity …

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 … or liquidity infusions to Morgan-backed issuers than to issuers backed by other bankers. These findings provide support …