We study efficiency properties of competitive economies in which banks provide liquidity insurance and interact on …

We analyze the impact of financial crises and monetary policy on the supply of wholesale funding liquidity, and also on … the compositional supply effects through cross-border and relationship lending. For empirical identification, we draw on … crisis shocks as well as the main Eurosystem non-standard monetary policy measures. The robust results imply that the crisis …

of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

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 …

liquidity tightened after the Lehman collapse but there is no evidence of fire sales in the German banking sector. Instead, we … observe a broad-based flight to liquidity. The European Central Bank's unconventional monetary policy had a strong impact on … banks' trading behavior by inducing shifts towards eligible securities and reducing pressure on market liquidity. This …

efficient resolution decision following the arrival of information. Providing the bank with liquidity support buys the PA time … delay the provision of liquidity support in order to minimize its losses. …

-to-asset ratios, liquidity coverage ratios and regulatory margin calls on the dynamics of loan supply and bank stability. Only … regulatory margin calls or large liquidity coverage ratios achieve bank stability for all risk levels, but for large risks a bank …

of distress and crisis, featuring the different transmission of bank distress shocks into already weakened firm balance …

Lehman crisis. -- Entropy Principle ; Risk Neutral Density ; Probability of Default ; Financial Stability Indicator ; Credit …