We analyze the determinants of individual bank failures arising from solvency and liquidity shortages in a stylized … arising from solvency and liquidity shortages …

of words and numbers provided no timely warning of lurking liquidity death. The risks of tri-party repurchase financing …

Asset encumbrance is a central concept in the context of banks’ liquidity crises, as it is associated with their … conduct an econometric analysis of the driving factors of banks’ asset encumbrance, highlighting the relevance of credit risk …

systematic risk is highly nonlinear in extreme scenarios-especially during the subprime crisis. We find that countercyclical …-traditional risk premia by deliberately increasing their systematic risk while the later focus more on minimizing risk. Our results … suggest that the hedge fund strategies' betas respond more to illiquidity uncertainty than to illiquidity risk during crises …