. The algorithm provides a ranking for the set of Nash equilibria, which can serve as a measure of systemic risk. Finally …

liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high …We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a … credit supply. Liquidity requirements also depress banks' profitability, though some of the regulatory costs are passed on to …

national liquidity requirements to proxy for banks' incentives to exploit this differential treatment of central bank eligible …We analyze the pledging behavior of Euro area banks during the introduction of the liquidity coverage ratio (LCR). The … LCR considers only a subset of central bank eligible assets and thereby offers banks an arbitrage opportunity to improve …

as to provide liquidity and risk-sharing services to the real economy. Our modifications create wedges in the asset and … joint implementation of a capital and a liquidity regulation … and run risk. Banks choose between liquid and illiquid assets on the asset side, and between deposits and equity on the …

here primarily look at fiscal policy and sovereign risk perspectives, papers on the monetary policy and regulatory …

liquidity to the bank-in-resolution. Creating such a pre-pack solution should form the core of the resolution plans that …Banks cannot be made fail-safe. But they can be made safe to fail, so that the failure of a bank need not disrupt the … amounts to a pre-pack reorganization of the bank that the resolution authority can implement over a weekend, if the bank …

The Basel 3 Liquidity Coverage Ratio (LCR) is a micro prudential instrument to strengthen the liquidity position of … banks. However if in extreme scenarios the LCR becomes a binding constraint, the interaction of bank behaviour with the … regulatory rule can have negative externalities. We simulate the systemic implications of the LCR by a liquidity stress …

banks' liquidity risk management. Our main question is whether the presence of liquidity regulation substitutes or … substituted by liquidity regulation, a bank's disclosure requirement and size remain significant. A key takeaway from our analysis … complements banks' incentives to hold liquid assets. Our results reveal that in the absence of liquidity regulation, the …

to a liquidity regulation that is very similar to Basel III's Liquidity Coverage Ratio (LCR). We find that most banks …We investigate 62 Dutch banks' liquidity behaviour between January 2004 and March 2010, when these banks were subject … the regulation. More solvent banks hold fewer liquid assets against their stock of liquid liabilities, suggesting an …