Money market funds (MMFs) are popular around the world, with over $9 trillion in assets under management globally. From … funds that offer private money-like assets with features similar to those of bank deposits. Hence, they are vulnerable to …

competition. Here, we employ a novel approach to account for IRS that are both unexpected and effective for a bank’s business … theory that monopolistic firms undersupply the market when utilizing their high pricing power in the bank competition …–liquidity creation nexus. While positive IRS per se lead to an increase in bank liquidity creation, we find that a high bank …

bank issues covered bonds backed by a pool of assets that is bankruptcy remote and replenished following losses …. Encumbering assets allows a bank to raise cheap secured debt and expand profitable investment, but it also concentrates risk on …

customers who do not wish to be exposed to the bank's credit risk, trends in both formal and informal financing and how they … bank loans, and bank culture. These papers raise a host of interesting questions for future research …