financial crisis. If such liquidity risk exists and is undiversifiable, then loose monetary policy should be associated with a … risk premium. This paper tests for the existence of such a premium in US and global equity markets, in an asset pricing …

versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration. …

transactional level allows me to apply advanced panel methods. Furthermore, this paper shows liquidity hoarding during the pandemic …

abrupt and deep collapse in world trade, while other world-wide recessions had more moderate effects on world trade. This … Augmented VAR) to show that global liquidity shocks are important factors in explaining the huge and abrupt trade drops in Asia …

supports a range of determinants of global liquidity - including global risk, global bank equity and unconventional monetary …This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … risk, global credit demand, and price effects such as interest rate differentials and exchange rates, empirical evidence …

versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration …

We analyze how the Lehman and sovereign crises affect cross-border interbank liquidity, exploiting euro … foreign lenders. Crisis shocks reduce the supply of cross-border liquidity, with stronger volume than pricing effects. On the … margin—riskier borrower banks suffer more. Moreover, the cross-border liquidity crunch is substantially stronger for term …

advantage of their higher risk-bearing capacity to gain exposure (via central bank liquidity) to the set of riskier sovereign … strong link is present between central bank liquidity support and sovereign holdings, opportunistic strategies or reach … risk-weighted capital framework of banks. …

detrimental effects of higher risk taking incentives.We find that central bank supply of liquidity quite generally increases … microfounded network model with endogenous network formation to analyze the impact of central banks' monetary policy interventions … on systemic risk. Banks choose their portfolio, including their borrowing and lending decisions on the interbank market …