explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … affects bank lending depends on whether the banks are drawing on official-sector liquidity facilities. Third, liquidity … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …

power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … affects bank lending depends on the whether the banks are drawing on official sector liquidity facilities. Third, liquidity … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …

power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … affects bank lending depends on the whether the banks are drawing on official sector liquidity facilities. Third, liquidity … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …

explanatory power of the empirical model is higher for domestic lending than for international lending. Second, how liquidity risk … affects bank lending depends on whether the banks are drawing on official-sector liquidity facilities. Third, liquidity … management across global banks can be important for liquidity risk transmission into lending. Fourth, there is substantial …

negative, but also positive credit risk spillovers …

Banking regulation routinely designates some assets as safe and thus does not require banks to hold any additional … examples of banking regulation treating domestic government bonds as "safe," even when there is clear risk of default on these …

feature of various financial markets, such as short term, interbank lending markets. We show that anonymous markets experience …