. Our results provide supporting evidence for a liquidity shock in the form of restricted access to commercial bank loans … such as increased non-performing loans and the loss in credit market share to commercial banks. The liquidity shock …

aggressive use of both traditional monetary policy instruments and innovative tools in an effort to provide liquidity. In this …

The interplay between liquidity and credit risks in the interbank market is analyzed. Banks are hit by idiosyncratic … random liquidity shocks. The market may also be hit by a bad news at a future date, implying the insolvency of some … possible contingency, banks currently long of liquidity ask a liquidity premium for lending beyond a short maturity, as a …

This presentation focuses on sources of liquidity and illiquidity in financial markets, price risk and liquidity risk …

The paper reports the outcome of the stress-testing of liquidity risk in the TARGET2 payment system, with the study … resilience of the system, defined as the network of its participants, and the appropriateness of liquidity levels under tightened … liquidity conditions. The scenarios analysed are based on extreme shocks to the value of collateral of different levels and …

liquidity. To this end, we develop an environment where banks offer insurance to their depositors against both idiosyncratic and … aggregate real uncertainty, by holding a portfolio of liquidity and productive illiquid assets. Moreover, banks' asset … sufficiently low and the depositors are sufficiently risk averse, the banks first employ liquidity and then liquidate the …

This paper studies the relationship between liquidity demand risk, deposit diversification and insurance in 12 … countries during the period 2005-2014. We capture liquidity risk by focusing on the unfunded loan commitments. We find that … higher diversification in the deposit base can reduce the impact of liquidity demand risk during the crisis by decreasing the …