liquidity shortages in a banking system where banks are characterized by the amount of capital, cash reserves and their exposure …

In this paper we introduce two measures, the Systemic Liquidity Buffer (SLB) and the Systemic Liquidity Shortfall (SLS …) to assess liquidity in the banking system. The SLB takes an aggregated perspective on liquidity risks in the banking … system. In contrast, the SLS focusses on the problematic banks which suffer a liquidity shortfall. These measures provide an …

invest into less-liquid assets financed by interbank borrowing. Third, asset managers absorb small liquidity shocks, but they …