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Bank Liquidity Creation and Financial Crises

Allen Berger and Christa Bouwman
Additional contact information
Allen Berger: Moore School of Business, University of South Carolina, Columbia, SC, USA
Christa Bouwman: Texas A&M University, College Station, TX, and Wharton Financial Institutions Center, Philadelphia, PA, USA

in Elsevier Monographs from Elsevier, currently edited by Candice Janco

Abstract: Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and policy interest that can be easily understood by readers with no advanced or specialized industry knowledge. Authors Allen Berger and Christa Bouwman examine ways to measure bank liquidity creation, how much liquidity banks create in different countries, the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, the effects of bailouts, and much more. They also analyze bank liquidity creation in the US over the past three decades during both normal times and financial crises. Narrowing the gap between the "academic world" (focused on theories) and the "practitioner world" (dedicated to solving real-world problems), this book is a helpful new tool for evaluating a bank’s performance over time and comparing it to its peer group. Explains that bank liquidity creation is a more comprehensive measure of a bank’s output than traditional measures and can also be used to measure bank liquidity Describes how high levels of bank liquidity creation may cause or predict future financial crises Addresses questions of research and policy interest related to bank liquidity creation around the world and provides links to websites with data and other materials to address these questions Includes such hot-button topics as the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, and the effects of bailouts

Keywords: aggregate banking data; alternative measures of liquidity creation; bailouts; bank capital; bank failure data; bank holding company data and forms; bank holding company status; bank output; bank size; bank structure and geographic data; banking crises; banks; basel III; Call Report data and forms; capital; capital requirements; capital support; cat fat liquidity creation; central bank funding; commercial bank data; commercial banks; competition; corporate governance; CRSP data; Dealscan data; deposit insurance; dynamics; economic growth; EDGAR data; financial crises; financial statements; financial system types; FRED aggregate economic data; HMDA data; Kauffman Firm Survey data; liquidity creation; liquidity creation data; liquidity creation measures; liquidity mismatch index (LMI); liquidity ratios; liquidity requirements; liquidity shocks; market crises; market measures of the liquidity of publicly traded equity and debt; mergers and acquisitions; mergers and acquisitions data; Micro Data Reference Manual; monetary policy; monetary policy data; nonfinancial firms; (normalized) liquidity creation; off-balance sheet liquidity creation; on- and off-balance-sheet liquidity creation; on-balance sheet liquidity creation; optimal scale; peer comparisons; performance; persistence; policy interventions; portfolio risk; prudential supervision and regulation; regulator identity; regulatory interventions; risk; Senior Loan Officer Survey data; stress tests; Summary of Deposits data; Survey of Consumer Finances data; Survey of Small Business Finances data; TARP data; theory; value (search for similar items in EconPapers)
Date: 2015 Originally published 2015-11-25.
Edition: 1
ISBN: 978-0-12-800233-9
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Citations: View citations in EconPapers (17)

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