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Bank soundness and liquidity creation
EuroMed Journal of Business, 2021PurposeThe purpose of this paper is to investigate how much liquidity banks create and how liquidity creation changed over time in the MENA countries and to examine the soundness of banks in these countries based on the CAME rating system, in addition to investigating the relationship between CAME ratios and liquidity creation of these banks.Design ...
Ahmad Sahyouni, Mohammad A A Zaid
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Bank liquidity creation and recessions
Journal of Banking and Finance, 2018Abstract We investigate the relationship between bank liquidity creation and recessions in the U.S. For the 1984–2010 sample, we find that (i) lower bank on-balance sheet liquidity creation signals recessions four quarters into the future; (ii) off-balance sheet liquidity creation is not a robust predictor of recessions at longer forecast horizons ...
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National Culture and Bank Liquidity Creation
SSRN Electronic Journal, 2021This paper investigates the relationship between national culture and cross-country variations in bank liquidity creation. We hypothesize that banks in individualistic societies create more liquidity because of risk-taking and overconfidence bias. On the other hand, a better access to soft information likely facilitates liquidity creation by banks in ...
Narjess Boubakri +4 more
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Do stress tests affect bank liquidity creation?
Journal of Corporate Finance, 2020 We examine the impact of Federal Reserve stress tests from 2009 to 2016 on U.S. bank liquidity creation. Empirical results show that regulatory stress tests have a negative effect on both on-and off-balance sheet bank liquidity creation and asset-side ...
Shamim Ahmed +2 more
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Inefficient Liquidity Creation
SSRN Electronic Journal, 2018We present a model in which intermediaries create liquidity by issuing safe debt. There are two types of intermediaries: Traditional banks create liquidity by issuing equity and holding assets to maturity. In contrast, market-based intermediaries create liquidity by selling assets in fire sales in downturns.
Stephan Luck, Paul Schempp
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Financial Intermediaries and Liquidity Creation
The Journal of Finance, 1990ABSTRACTTrading losses associated with information asymmetries can be mitigated by designing securities which split the cash flows of underlying assets. These securities, which can arise endogenously, have values that do not depend on the information known only to informed agents. Bank debt (deposits) is an example of this type of liquid security which
Gorton, Gary, Pennacchi, George
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Liquidity Creation in the Euromarkets: Comment
Journal of Money, Credit and Banking, 1979Niehans and Hewson [3, p. 1] have claimed the significant impact of the Euromarkets to consist in liquidity distribution rather than liquidity creation. It is the intention of this note to indicate that this conclusion follows from results depending critically on the base year selected.
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Bank size and liquidity creation
Applied Economics Letters, 2021This paper examines the relation between bank size and liquidity creation. Using panel data on US banks between 2001:Q1 and 2016:Q4, we find that the relation is negative before and during the fina...
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SSRN Electronic Journal, 2008
Although the modern theory of financial intermediation portrays liquidity creation as an essential role of banks, comprehensive measures of bank liquidity creation do not exist. We construct four measures and apply them to data on virtually all U.S. banks from 1993-2003.
Allen N. Berger, Christa H. S. Bouwman
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Although the modern theory of financial intermediation portrays liquidity creation as an essential role of banks, comprehensive measures of bank liquidity creation do not exist. We construct four measures and apply them to data on virtually all U.S. banks from 1993-2003.
Allen N. Berger, Christa H. S. Bouwman
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Bank liquidity creation and asset market liquidity
Journal of Financial Stability, 2015Abstract Consistent with the credit channel theory of monetary policy transmission, this paper finds novel evidence that asset market liquidity as one of the proxies for the external finance premium explains bank liquidity creation. While efficacy of monetary policy depends on how banks create liquidity, the existing literature does not find any ...
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