that banks respond to a negative funding liquidity shock in a number of ways. First, banks reduce lending, especially …The crisis of 2007-2009 has shown that financial market turbulence can lead to huge funding liquidity problems for … liquidity management are modeled in a panel Vector Autoregressive (p-VAR) framework. Orthogonalized impulse responses reveal …

We present a network model of the interbank market in which optimizing risk averse banks lend to each other and invest … traded quantities are determined by means of a matching algorithm. Contagion occurs through liquidity hoarding, interbank … interlinkages and fire sale externalities. The resulting network configuration exhibits a coreperiphery structure, dis …