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Anatomy of a liquidity crisis: Corporate bonds in the COVID-19 crisis. [PDF]
J financ econ, 2021 We examine the microstructure of liquidity provision in the COVID-19 corporate bond liquidity crisis. During the two weeks leading up to Federal Reserve System interventions, volume shifted to liquid securities, transaction costs soared, trade-size pricing inverted, and dealers, particularly non-primary dealers, shifted from buying to selling, causing ...
O'Hara M, Zhou XA.
europepmc +5 more sources
Bank Liquidity and the Global Financial Crisis [PDF]
Journal of Applied Mathematics, 2012 We investigate the stochastic dynamics of bank liquidity parameters such as liquid assets and nett cash outflow in relation to the global financial crisis.
Frednard Gideon +3 more
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The Performance of Liquidity in the Subprime Mortgage Crisis [PDF]
New Political Economy, 2010 ‘Liquidity’ is highly significant to representations of the crisis that gripped financial markets from the summer of 2007. A wide-ranging ‘liquidity crisis’ is typically traced to the collapse of prices in markets for assets backed by or derived from the repayments of American subprime mortgagors, while public authorities are said to have responded by ‘
Paul Langley
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PLoS ONE, 2022 We investigate liquidity spillovers among industry sectors in the S&P 500 index to explain the interconnection dynamics in the US stock market. To do so, we define a sectoral liquidity measure based on the Amihud liquidity measure.
Seo-Yeon Lim, Sun-Yong Choi
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Financial Liquidity Management During Crisis [PDF]
EUROPEAN RESEARCH STUDIES JOURNAL, 2022 PURPOSE: The aim of the article is to verify a hypothesis stating that financial security of companies has been significantly violated in the scope of economic crisis caused by COVID19 pandemics. It has been assumed that traditional indicators of financial liquidity have declined and establishing the scale of the phenomenon constitutes a scientific ...
Anna Ludwiczak, Maciej Czarnecki
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The Role of Liquidity Creation in Managing the COVID-19 Banking Crisis in Selected Mena Countries [PDF]
International Journal of Financial Studies, 2023 Banks are financial intermediaries who transform deposits into loans. Banks in the MENA (Middle East and North Africa) region use large deposits from oil companies and big businesses to finance trade, and fund government and private sector infrastructure
Hani El-Chaarani +2 more
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Crisis Resolution and Bank Liquidity [PDF]
SSRN Electronic Journal, 2009 What is the effect of financial crises and their resolution on banks’ choice of liquid asset holdings? When risky assets have limited pledgeability and banks have relative expertise in employing risky assets, the market for these assets clears only at fire-sale prices following a large number of bank failures.
Viral V. Acharya +2 more
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Liquidity, Contagion and Financial Crisis [PDF]
SSRN Electronic Journal, 2010 We develop a theoretical model where a redistribution of bank capital (e.g., due to reckless trading and/or faulty risk management) leads to a “freeze” of the interbank market. The fire-sale market plays a central role in spreading the crisis to the real economy.
Alexander Guembel, Oren Sussman
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Transparency and liquidity uncertainty in crisis periods
Journal of Accounting and Economics, 2011 We document, for a global sample, that firms with greater transparency (based on accounting standards, auditor choice, earnings management, analyst following and forecast accuracy) experience less liquidity volatility, fewer extreme illiquidity events and lower correlations between firm-level liquidity and both market liquidity and market returns ...
Mark H. Lang, Mark G. Maffett
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The liquidity crisis of trust [PDF]
Theoretical and Applied Economics, 2009 I believe that the only important hurdle on the path to global prosperity is represented by the old doctrines from which the mind of man cannot distance itself.
Marin Dinu
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