Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and poli

Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and poli

This paper reviews the literature on financial crises focusing on three specific aspects. First, what are the main factors explaining financial crises? Since ma

The effect of bank capital on lending is a critical determinant of the linkage between financial conditions and real activity, and has received especial attenti

This paper analyzes the evolution of bank funding structures in the run up to the global financial crisis and studies the implications for financial stability,