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Banks Are Where the Liquidity Is [PDF]
SSRN Electronic Journal, 2014 What is so special about banks that their demise often triggers government intervention? In this paper we develop a simple model where, even ignoring interconnectedness issues, the failure of a bank causes a larger welfare loss than the failure of other institutions.
Hart, Oliver, Zingales, Luigi
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Taxation and Bank Liquidity Creation
Journal of Money, Credit and Banking, 2023Abstract We investigate the impact of taxes on bank liquidity creation using the Tokyo bank tax as a quasi‐natural experiment. Drawing on data for Japanese banks, we find that the tax reduces retained earnings and capital, leading to a significant reduction in liquidity creation.
Berger, Allen N. +3 more
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The impact of liquidity regulation on banks [PDF]
Journal of Financial Intermediation, 2015 We present the first study to estimate the causal effect of liquidity regulation on bank balance sheets. It takes advantage of the heterogeneous implementation of tighter liquidity regulation by the UK Financial Services Authority in 2010. We find that banks adjusted the composition of both assets and liabilities, increasing the share of high-quality ...
Banerjee, Ryan, Mio, Hitoshi
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American Economic Review, 2001
Banks perform valuable activities on either side of their balance sheets. On the asset side, they make loans to difficult, illiquid borrowers. On the liability side, they provide liquidity on demand to depositors. But there seems to be a fundamental incompatibility between the two activities: the demands for liquidity by depositors may arrive at an ...
Douglas W. Diamond, Raghuram G. Rajan
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Banks perform valuable activities on either side of their balance sheets. On the asset side, they make loans to difficult, illiquid borrowers. On the liability side, they provide liquidity on demand to depositors. But there seems to be a fundamental incompatibility between the two activities: the demands for liquidity by depositors may arrive at an ...
Douglas W. Diamond, Raghuram G. Rajan
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The joint regulation of bank liquidity and bank capital
Journal of Financial Intermediation, 2018Abstract We study the liquidity behavior of commercial banks in response to negative capital shocks. Using pre-Basel III data, U.S. banks with assets less than $1 billion treated (unregulated) liquidity and (regulated) capital as substitutes. Following exogenous shocks to their regulatory capital ratios, these banks shifted away from loans, loan ...
Deyoung, Robert +2 more
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Journal of Political Economy, 1997
Abstract Financial markets and banks are competing mechanisms that provide investors with liquidity by providing access to their capital, at good terms, on short notice. This chapter examines the impact of banks on the liquidity provided to investors and, in addition, on the liquidity provided by markets.
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Abstract Financial markets and banks are competing mechanisms that provide investors with liquidity by providing access to their capital, at good terms, on short notice. This chapter examines the impact of banks on the liquidity provided to investors and, in addition, on the liquidity provided by markets.
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Banking as the Provision of Liquidity
The Journal of Business, 1988This article represents a model economy in which demand deposits represent the optimal financial intermediation. Because these demand deposits are backed in part by an illiquid asset, the in termediary ("bank") is subject to panics in which each agent ration ally decides to withdraw his deposits, making all worse off.
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Banks' Liquidity and the Cost of Liquidity to Corporations
Journal of Money, Credit and Banking, 2014We consider the liquidity shock banks experienced following the collapse of the asset‐backed commercial paper (ABCP) market in the fall of 2007 to investigate whether banks' liquidity conditions affect their ability to provide liquidity to corporations.
VITALY M. BORD, JOÃO A.C. SANTOS
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The Impact of Liquidity on Bank Profitability
2010La récente crise financière a fait ressortir l'importance d'une saine gestion du risque de liquidité par les banques. C'est pourquoi les organismes de réglementation sont en train d'élaborer de nouvelles normes de liquidité en vue d'accroître la stabilité et la résilience du système financier.
Bordeleau, Etienne, Graham, Christopher
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LIQUIDITY AND BANKING LIQUIDITY: THEORETICAL OVERVIEW
2019The recent financial crisis of 2007-2008 highlighted the important role of liquidity in the banking system. Financial markets around the world have run out of liquidity and many financial institutions have gone bankrupt due to liquidity problems. Nevertheless, liquidity remains a very complex concept to define because of its polymorphic character. Only
OUBDI, Lahsen, ALAOUI MDAGHRI, Anas
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