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Outside versus inside bonds: A Modigliani-Miller type result for liquidity constrained economies

Berentsen, Aleksander; Waller, Christopher Jude - 2010

When agents are liquidity constrained, two options exist - sell assets or borrow. We compare the allocations arising in …

Persistent link: https://www.econbiz.de/10010277131

Degreasing the wheels of finance

Berentsen, Aleksander; Huber, Samuel; Marchesiani, … - 2012

Can there be too much trading in financial markets? To address this question, we construct a dynamic general equilibrium model, where agents face idiosyncratic preference and technology shocks. A financial market allows agents to adjust their portfolio of liquid and illiquid assets in response...

Persistent link: https://www.econbiz.de/10010316859

Liquidity and private information in asset markets : to signal or not to signal

Wang, Zijian - In: Journal of economic theory 190 (2020), pp. 1-35

Persistent link: https://www.econbiz.de/10012547393

Financial market infrastructures : essays on liquidity, participant behaviour and information extraction

Paulick, Jan - 2022

Persistent link: https://www.econbiz.de/10013263334

Money, banking, and financial markets

Andolfatto, David; Berentsen, Aleksander; Martin, … - In: The review of economic studies : RES 87 (2020) 5, pp. 2049-2086

Persistent link: https://www.econbiz.de/10012386870

Applications of liquidity risk discovery using financial market infrastructures transaction archives

Heuver, Richard - 2020

Persistent link: https://www.econbiz.de/10012294786

What are the real effects of financial market liquidity? : evidence on bank lending from the Euro area

Dombret, Andreas R.; Foos, Daniel; Pliszka, Kamil; … - In: Journal of international financial markets, … 62 (2019), pp. 152-183

Persistent link: https://www.econbiz.de/10012262523

What are the real effects of financial market liquidity? : evidence on bank lending from the euro area

Dombret, Andreas R.; Foos, Daniel; Pliszka, Kamil; … - 2018

We analyze the impact of market liquidity on bank lending in the euro area for different segments over the period 2003 … to 2016. Our results on the aggregate level show that market liquidity is positively related to loan volumes and … liquidity has an asymmetric effect on bank lending: The negative impact of a reduction in liquidity is more significant than the …

Persistent link: https://www.econbiz.de/10011897986

Free-riding on liquidity

Berentsen, Aleksander; Huber, Samuel; Marchesiani, … - Institut für Volkswirtschaftslehre, … - 2011

Do financial market participants free-ride on liquidity? To address this question, we construct a dynamic general …

Persistent link: https://www.econbiz.de/10009321750

The Impact of Global Financial Crisis on Serbian Banking Sector – The NBS Response

Ivanovic, Perisa; Balaban, Mladenka - In: Financial Systems Integration of Balkan Countries in …

five years anti-cyclical policy and given that there were no serious liquidity problems and capital adequacy ratio for …

Persistent link: https://www.econbiz.de/10010667996