The study aims to investigate the impact of credit growth on the Maastricht criteria targeting process in the new … to maintain credit growth levels close to economic growth potential. …

We develop a theory of banks' liquidity risk management using global games, and characterize banks' optimal balance … predicts and links public and private liquidity premia. Our central underlying theorem is that a bank's liquidity multiplier … sheet choices. They use public liquidity as an input to issue more private liquidity to their creditors, and our model …

In this paper we introduce two measures, the Systemic Liquidity Buffer (SLB) and the Systemic Liquidity Shortfall (SLS …) to assess liquidity in the banking system. The SLB takes an aggregated perspective on liquidity risks in the banking … system. In contrast, the SLS focusses on the problematic banks which suffer a liquidity shortfall. These measures provide an …

. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings … illuminate competition and pricing frictions in the large, yet largely unstudied, small-dollar loan market. -- Payday credit …

In this study, we examine the options market reaction to bank loan announcements for the population of US firms with … traded options and loan announcements during 1996-2010. We get evidence on a significant options market reaction to bank loan … announcements. Our findings appear to be more pronounced for firms with more information asymmetry, lower credit ratings and loans …

. Payday credit is priced per dollar borrowed, so when that option is available, depositors prone to small overdrafts switch … at banks and other depository institutions increases when depositors have access to payday credit. Our findings …

, and adjust their monetary reserve levels to meet prescribed capital requirements. Each bank has its own initial monetary … approximations of two proposed macro-measures, the liquidity stress index and the concentration index, both capturing the dynamics of …

The paper analyses the different approaches to measure the impact of funding and market liquidity risk in the economics … management perspective of liquidity risk. Liquidity risk does not need to be covered by equity but by an adequate volume of … liquid assets and highly liquid securities. This is the reason why the regulation of the liquidity risk in banking is focused …

We study the welfare implications of self-fulfilling bank runs and liquidity requirements, in a growth model where … cost of a credit tightening. Quantitatively, the welfare costs of self-fulfilling bank runs are equivalent to a constant … distort banks' insurance provision against idiosyncratic shocks, and liquidity requirements resolve this distortion at the …