models, a shift from a microprudential to a macroprudential orientation in regulation and supervision, and questions about …

explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how … market value accounting and capital adequacy should react to asset prices. It concludes with a topical form of liquidity …

the interbank system became more resilient to solvency shocks, but less resilient to liquidity shocks, as banks sharply … during the 19th century to facilitate interregional payments and flows of liquidity and credit. Vast sums moved through the … the system's resilience to solvency and liquidity shocks and whether these shocks might have been contagious. We find that …

decline in the level of steady state output, relative to the baseline. The impact of the new liquidity regulation is of a … similar order of magnitude, at 0.08 percent. This paper does not estimate the benefits of the new regulation in terms of …

Recent empirical studies have shown that during the financial crisis of 2007-2008 banks that were more heavily exposed … to liquidity risk contracted their supply of credit more sharply. I contribute to the identification of this effect by … relying on the use of micro-level data on US mortgage loan applications, which allows me to identify liquidity risk as an …