cash buffers in comparison with their unaffiliated peers. Banks provide liquidity support to distressed affiliated funds by … complementarities in investors’ redemptions. Liquidity support and other benefits of bank affiliation are conditional on the financial …

to meet funds’ liquidity needs to cover variation margin calls on derivatives under a range of stress scenarios. The … liquidity buffers to meet the calls. As a result, they are likely to redeem MMF shares, procyclically sell assets and draw on … further work to assess the potential role of macroprudential policies for non-banks, particularly regarding liquidity risk in …

financial markets world-wide gained importance during the post-crisis “second phase of global liquidity” (Shin, 2013). The …

the presence of institutional investors affects volatility and liquidity in secondary bank bond markets. We find that non …' liquidity conditions, at the cost of significantly increasing volatility of daily returns. The effect translates to more than a … 19% improvement in liquidity conditions and up to 57% increase in daily-return volatility, assuming MMFs hold about 10 …

vary across institutional and retail investors and how they depend on the liquidity of funds’ assets and wider market …

shock. Our contagion mechanism operates through a dual channel of liquidity and solvency risk. The joint modelling of banks …

expansionary monetary policy, this dynamic may give rise to a build-up in liquidity risk over time, leaving the fund sector less …