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The past two decades have seen the construction of a tiered system of international liquidity provision, the first tier …
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analysis to determine these actors’ positions in the “cultural theory” and, more widely, the sociology of risk. The risk … be separated from the risk perception in these countries. However, an eye needs to be kept on the geopolitics and … securities risk factors that can influence the global economy’s evolution. …
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long time. -- liquidity trap ; financial crisis ; rare disasters ; equity capital ; leverage ; bankruptcy risk …This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in … equity capital to the risk-free interest rate. When equity capital falls, bankruptcy risks rise. Firms become more vulnerable …
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ensuring that liquidity would be distributed to those institutions that needed it most. Conceptually, this meant America …
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periods of high liquidity risk. In contrast, reductions in the Fed’s liquidity supply in 2009 did not increase the spread. Our … amplification mechanism ; Federal Reserve liquidity facilities ; credit risk ; liquidity risk ; Libor-OIS spread …’s interventions during different stages of the crisis in terms of this literature. We interpret the Fed’s early-stage liquidity …
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particular, we do not find that worse performing banks began hoarding liquidity and indiscriminately reducing their lending …. -- Fed funds ; financial crisis ; liquidity ; interbank lending ; hoarding …
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