joint implementation of a capital and a liquidity regulation … and run risk. Banks choose between liquid and illiquid assets on the asset side, and between deposits and equity on the … as to provide liquidity and risk-sharing services to the real economy. Our modifications create wedges in the asset and …

from asset prices. The informational inefficiency of markets is more acute when liquidity conditions are especially tight …

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 …

We estimate the effects of the liquidity coverage ratio (LCR), a liquidity requirement for banks, on the tenders that … term deposits qualify for the LCR. These results suggest that liquidity regulation affects bank demand in monetary policy … banks submit in Term Deposit Facility operations, a Federal Reserve tool created to manage the quantity of bank reserves. We …

Non-banks originated about half of all mortgages in 2016, and 75% of mortgages insured by the FHA or VA. Both shares … are vulnerable to liquidity pressures in both their loan origination and servicing activities, and we document that this … sector in aggregate appears to have minimal resources to bring to bear in a stress scenario. We show how the same liquidity …

improve financial stability. Nevertheless, large CCPs are by nature concentrated and interconnected with major global banks …. Moreover, although they mitigate credit risk, CCPs create liquidity risks, because they rely on participants to provide cash …. Such requirements increase with both market volatility and default; consequently, CCP liquidity needs are inherently …

The convention in calculating trading costs in corporate bond markets is to assume that dealers provide liquidity to … provide liquidity in corporate bond markets, and thus, average bid-ask spreads underestimate trading costs that customers … demanding liquidity pay. Compared with periods before the 2008 financial crisis, substantial amounts of liquidity provision have …

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