Liquidity regulation and bank behavior

Doctoral thesis, Preprint OPEN
Bonner, C.;
(2014)
  • Publisher: CentER, Center for Economic Research

In response to the 2007-08 financial crisis, the Basel Committee on Banking Supervision proposed two liquidity standards to reinforce banks’ resilience to liquidity risks. The purpose of this thesis is to analyze the impact of liquidity regulation on bank behavior. The ... View more
  • References (31)
    31 references, page 1 of 4

    9 The chronology of the 2007-08 financial crisis is outlined in many papers. The following paragraphs mainly draw on Brunnermeier (2009), Gorton (2009) and Gorton and Metrick (2012).

    10 Institutions in difficulties were, for instance, BNP Paribas, the German IKB or the American Home Mortgage Investment Corp.

    11 Note that this was not a classic retail bank run, as described by Diamond and Dybvig (1983). Instead of cash withdrawals of retail clients, this crisis was reflected by haircut increases in repo markets.

    Almeida, H., Campello, M., and Weisbach, M. S. (2004). The cash flow sensitivity of cash. The Journal of Finance, 59(4):1777-1804.

    Arellano, M. and Bond, S. (1991). Some tests of specification for panel data : Monte Carlo evidence and an application to employment equations. Review of Economic Studies, 58(2):277-297.

    Arellano, M. and Bover, O. (1995). Another look at the instrumental variable estimation of error-components models. Journal of Econometrics, 68(1):29-51.

    Bonner, C. and Eijffinger, S. (2013). The impact of liquidity regulation on financial intermediation. CEPR Discussion Paper, 9124.

    Bonner, C. and Hilbers, P. (2014). Liquidity regulation Bonner, C., van Lelyveld, I., and Zymek, R. (2014). Banks' liquidity buffers and the role of regulation. Journal of Financial Services Research (forthcoming).

    Bordo, M. and Wheelock, D. (2007a). Stock market booms and monetary policy in the twentieth century. Review, 89. Federal Reserve Bank of St. Luis.

    Bordo, M. and Wheelock, D. (2007b). When do stock market booms occur: The macroeconomic and policy environments of 20th century booms. In Attack, J. and Neal, L., editors, The Origins and Developments of Financial Markets and Institutions. Cambridge University Press.

  • Metrics
Share - Bookmark