liquidity regulation. Our identification strategy uses a regression kink design that relies on the variation in a marginal high …We investigate how liquidity regulations affect banks by examining a dormant monetary policy tool that functions as a … credit supply. Liquidity requirements also depress banks' profitability, though some of the regulatory costs are passed on to …

crisis, recent advances in global liquidity regulation try to curb the excessive reliance on short-term wholesale funding … without being clear on how such an approach will affect the overall equilibrium on money markets. In particular, liquidity … regulation may interfere with the central bank's influence on short-term money market rates. This paper tries to fill the gap in …

Over the last years, the capital regulation of banks under the Basel framework has undergone a fundamental review. In … parallel to the implementation of Basel III, a non-risk-sensitive leverage ratio and new liquidity standards are introduced. I … their voluntary liquidity reserves, or in combination with a binding liquidity coverage ratio requirement, to shrink the …

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

because it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy … laissez-faire are inefficient and involve excessive borrowing, with default risks that jeopardize the purported liquidity … benefits. Contrary to claims in the literature that “equity is expensive” and that regulation requiring more equity in the …

it reflects special liquidity benefits of bank debt. Even aside from neglecting the systemic damage to the economy that …-faire are inefficient and involve excessive borrowing, with default risks that jeopardize the purported liquidity benefits …. Contrary to claims in the literature that "equity is expensive" and that regulation requiring more equity in the funding mix …

We employ a proprietary transaction-level dataset in Germany to examine how capital requirements affect the liquidity … gap - aggregate liquidity declines. Our results are stronger for banks with a higher capital shortfall, for noninvestment …

disrupting the liquidity or stability of mortgage secondary markets. In the process, the programs have created a new financial … market for pricing and trading mortgage credit risk, which has grown in size and liquidity over time. The CRT programs …

liquidity regulations. Basel III and the capital stress tests introduced new requirements and new definitions while retaining … find that the market pricing of bank debt appears to have responded to changes in liquidity measures, especially at large …

regulation, recovery and resolution, and risk culture. …