financial-market liquidity of these regulations for systemically important banks and argues that current rules do not allow for … potential levels of market efficiency and financial stability. In this insightful analysis of the impact of regulation on … improving the liquidity of markets for safe assets such as low-risk fixed-income instruments by relaxing the leverage-ratio rule …

in equilibrium such that observed spreads can appear invariant to expected liquidity …

This paper develops a dynamic stochastic general equilibrium model to examine the impact of macroprudential regulation … fluctuations. I also show that stronger regulation can induce banks to hold buffers and hence mitigate an economic downturn as well …

important are the distortions in the greater regulation of banks that differentially limit risk-taking across alternative … addresses these questions and discusses how banks and nonbanks helped provide liquidity to the nonfinancial sector during the … COVID-19 pandemic shock. We argue that tighter bank regulation has created incentives for nonbanks to increase their …

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 …