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He, Zhiguo; Xiong, Wei - 2009

Persistent link: https://www.econbiz.de/10003901605

Liquidity backstops and dynamic debt runs

Wei, Bin; Yue, Vivian Z. - 2015

Liquidity backstops have important implications for financial stability. In this paper, we provide a microfoundation for the important role of liquidity backstops in mitigating runs (or, conversely, the role of the lack of liquidity backstops in exacerbating runs) based on a dynamic model of...

Persistent link: https://www.econbiz.de/10011396851

Moral hazard, collateral and liquidity

Acharya, Viral V. (contributor); Viswanathan, S. (contributor) - 2007

Persistent link: https://www.econbiz.de/10003638333

Moral hazard, collateral and liquidity

Acharya, Viral V.; Viswanathan, S. - 2008

Persistent link: https://www.econbiz.de/10003640583

Screening and monitoring corporate loans

Gryglewicz, Sebastian; Mayer, Simon; Morellec, Erwan - 2021

How much of a loan should a lender dynamically retain and how does retention affect loan performance? We address these questions in a dynamic agency model in which a lender originates loans that it can sell to investors. The lender reduces default risk through screening at origination and...

Persistent link: https://www.econbiz.de/10012800127

Bank liquidity provision across the firm size distribution

Chodorow-Reich, Gabriel; Darmouni, Olivier; Luck, Stephan; … - 2020

shorter maturity credit lines than large ﬁrms; (ii) have less active maturity management and therefore frequently have … recession. Consistent with the theory, the increase in bank credit in 2020:Q1 and 2020:Q2 came almost entirely from drawdowns by … expiring credit; (iii) post more collateral on both credit lines and term loans; (iv) have higher utilization rates in normal …

Persistent link: https://www.econbiz.de/10012309187