. Our results suggest, however, that banks propagate liquidity shocks by reducing credit only to a certain type of borrowers …. Importantly, in the financial crisis banks passed the liquidity shock only to public firms and not to private firms. Loans to …

' liquidity. In this note, we identify some indicators of funds' liquidity profiles, and examine them in a sample of bank loan (BL …Assessing liquidity transformation risks in MFs is difficult, largely due to a lack of detailed data on fund assets … riskier assets and, thus, for which vulnerabilities associated with liquidity transformation are generally most salient. We …