We study efficiency properties of competitive economies in which banks provide liquidity insurance and interact on …

crises, liquidity variables have a negative influence on the volatility, in contrast to the time period after the outbrake of …

impact on liquidity conditions as measured by bid-ask spreads and inter-dealer order book depth. We further show that the …

We measure market reactions to announcements concerning liquidity regulation, a key innovation in the Basel framework …. Our initial results show that liquidity regulation attracts negative abnormal returns. However, the price responses are … consider liquidity regulation to be binding. Bank- and country-specific characteristics also matter. Liquid balance sheets and …