insolvency, credit and liquidity risks affect banking efficiency during the world financial crisis (2007-2009) along with other …. The results also show that overall well-capitalised banks, banks with higher liquidity and less credit risk outperform …

on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …

contagion which can be used to calibrate bank-specific capital and liquidity requirements and large exposures limits. We find …

to ICASs can be partly explained by banks' liquidity constraints, but not by their degree of capitalisation. Overall, our …

risk drivers. The choice of the credit risk drivers is inspired by the Merton (1974) model. Individual CDS liquidity and … explaining credit spread changes. Our decomposition reveals, however, highly changing dynamics in the credit, liquidity, and … different signals from liquidity based CDS spread changes than from business cycle or credit risk based changes. For the recent …

as to provide liquidity and risk-sharing services to the real economy. Our modifications create wedges in the asset and … joint implementation of a capital and a liquidity regulation …

sovereigns manifested in a liquidity shock to their international funding through two channels: (i) a contraction in cross … households, is documented for euro area banks affected by the international liquidity shock and that drew on ECB liquidity under …