empirically test the predictions of a new signalling model that offers a rationale for offering two different liquidity facilities … risky than banks that accessed the DW. Our results can contribute to a better design of liquidity facilities during a …

We study efficiency properties of competitive economies in which banks provide liquidity insurance and interact on …

toxic assets obstructed the pipes. Banks were forced to squeeze liquidity in a 'lemons market' or to ask for liquidity 'on … and liquidity risk and then evaluates the decomposition. The main finding is that credit risk increased before the key … events of the crisis, while liquidity risk was mainly responsible for the subsequent increases in the Euribor spread and then …

This study investigates an early warning indicator for liquidity shortages in the short-term interbank market. To … liquidity crashes. The transition between the states is state dependent, and the posterior estimates for the crisis and non … liquidity shortage impacting the interbank market …