This paper examines financial regulation and distortionary taxes in a heterogeneous-agents economy with pecuniary …

disrupting the liquidity or stability of mortgage secondary markets. In the process, the programs have created a new financial … market for pricing and trading mortgage credit risk, which has grown in size and liquidity over time. The CRT programs …

This paper examines market liquidity in the post-crisis era in light of concerns that regulatory changes might have … considering additional drivers of market liquidity. We document a stagnation of dealer balance sheets after the financial crisis … liquidity. …

We build a framework for modelling fire sales where banks face both liquidity and solvency constraints and choose which … that are liquid and held in small amounts, while banks constrained by the risk-weighted capital ratio and the liquidity … coverage ratio need to trade off assets' liquidity with their regulatory weights. We calibrate the model to the UK banking …

municipal bond market and carry lasting impacts. During the crisis, trading activities surge while dealers' liquidity provision … greater mutual fund exposures. Such post-crisis pricing effects reflect dealers' continued reluctance to provide liquidity for …

's proposal for a Regulation of the European Parliament and the Council, whose objective is to lay down a general framework for … proposed Regulation (Sub-section 2).(2) Section B addresses the proposed Regulation's subject matter and scope, as well as the …) Section C analyses Articles 4-8 of the proposed Regulation concerning:• the eligibility and composition of the underlying …