This paper explains the emergence of liquidity traps in the aftermath of large-scale financial crises, as happened in … long time. -- liquidity trap ; financial crisis ; rare disasters ; equity capital ; leverage ; bankruptcy risk …

convenience yield for safety and liquidity and by lower global economic growth …

convenience yield for safety and liquidity and by lower global economic growth. …

As the debt ceiling episode unfolds, we highlight a sharp increase in trading activity and liquidity in the U.S. credit …

Liquidity plays an important role in explaining how banks determine their allocation of funds. This paper analyses … liquidity in a manner similar to that used to study household need for liquidity, namely, by using a cash-in-advance type model … maintained hypothesis concerning the liquidity premium and default risk premium. This paper confirms the finding that monetary …

profitability of banks’ portfolios affect their ability to cover for any liquidity shortage and hence influence the premium they … liquidity shock leads to a sharp decrease in long-term rates and term spreads. Third, such interventions have significant impact … on long-term investment, decreasing the amplitude of output responses after a liquidity shock. The short-term rate does …

stock volatility in the U.S. but has little impact within its own domestic banking industry. Whilst our results for the U … tightening, we find disparities for German banks suggesting that U.S. and European banking industries respond heterogeneously to …