credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … was insufficient to cover loan-to-deposit shortfalls and they reduced new credit …

credit lines drawn by firms during the 2007-09 crisis, this provision of liquidity by banks was only possible because of …Can banks maintain their advantage as liquidity providers when exposed to a financial crisis? While banks honored their … was insufficient to cover loan-to-deposit shortfalls and they reduced new credit …

In this paper, we find that reduced credit supply reduces firm investments in our sample of small private firms. The … that is linked with financial, bank account and ownership data, and take advantage of the financial crisis in 2008-9 as a … firms hedge against potential future credit supply shocks? (ii) did they have better access to shareholder funding? or (iii …

how the take-up of FinTech credit varies with the entrepreneur’s bank distance. Proximity to the branches of the five …Based on automated credit lines to more than two million vendors trading on Alibaba’s online retail platform, we show … largest stateowned banks correlates positively with the take-up of FinTech credit and suggests more severe credit frictions …

In this study, we aim to assess the relevance of credit composition to entrepreneurship empirically in light of the …-called neutrality principle or undertake an active credit policy. We employ a panel data model to quantify the effect of credit … composition on entrepreneurship in 54 high- and middle-income economies from 2001 to 2016. To capture credit composition, we …

to be necessary. -- Crisis response ; Federal Reserve ; counterparty credit risk ; liquidity risk ; limits to arbitrage … aggressive use of both traditional monetary policy instruments and innovative tools in an effort to provide liquidity. In this … particular, balance sheet constraints and counterparty credit risk. The empirical evidence supports the Fed’s views on the …

vulnerabilities of short-term credit markets and the role of central banks as back-stop liquidity providers to financial markets. The … Federal Reserve's response to financial disruptions in the United States importantly included creating liquidity facilities … interventions — the Asset-Backed Commercial Paper Money Market Mutual Fund Liquidity Facility. Our findings indicate that this …

policy rate. A looser central bank collateral policy can reduce the spread, alleviate the credit crunch and increase output …Should central banks lend against low quality collateral? We characterize efficient central bank collateral policy in a … model where a bank borrows from the interbank market or the central bank. Collateral has favorable incentive effects but is …

take account of the systemic dimension of liquidity stress, standard portfolio theory is used. Three sub-indices, that …This paper introduces a coincident indicator of systemic liquidity risk in the Italian financial markets. In order to … reflect liquidity stress in specific market segments, are aggregated in the systemic liquidity risk indicator in the same way …

Recent regulation mandating the clearing of credit default swaps (CDS) by a Central Clearing Counterparties (CCP), has …. This work investigates the potential failure of a CCP initiated by the default of a large dealer bank and the unwinding of … well as, regulatory implications for a Lender of Last Resort in various liquidity scenarios …