PPT-The Effect of Liquidity on Governance

Alex Edmans LBS Wharton NBER CEPR and ECGI Vivian Fang University of Minnesota Emanuel Zur University of Maryland June 19 th 2013 WFA 1 Background and Research Question Policy debate . Bad governance is being increasingly regarded as one of the root causes of all evil within our societies Major donors and international financial institutions are increasingly basing their aid and loans on the condition that reforms that ensure good Schwartz Marvin M Speiser Professor of Finance Zicklin School of Business Baruch College CUNY Nick Klagge esearch Associate Federal Reserve Bank of New York QVWLWXWLRQDO57347QYHVWRU57526V57347XLGH57347WR57347OREDO57347LTXLGLW forthcoming Winter 200 Tampa AFP . Jeff Avers. Treasury & Payment Solutions. Liquidity . Strategy . & Consulting. June 2013 . Liquidity. Deposits/Receipts. Payments. Corporate Cash Management. Short-Term Investments. FINANCIAL CRISES, AND POLICY ACTIONS. Allen N. Berger. University of South Carolina. Wharton Financial Institutions Center. CentER. , Tilburg University. Presentation at the . Southern Finance Association Meetings. Zagreb, 11.05.2012. Definition:. Liquidity- . ability to meet obligations when they come due without incurring unacceptable losses. 2. Liquidity was major problem during this crises for many credit institutions. May 21, 2015. Oliver Ireland. Morrison & . Foerster. LLP. Increased Focus on Liquidity. Supplementary . leverage ratio . Liquidity . Coverage Ratio (LCR. ). . Enhanced prudential standards liquidity buffer . RIDGE. SUMMER SCHOOL. Montevideo, . December. 2015. RIDGE SUMMER SCHOOL DECEMBER 2015. 1. Contents. Motivation. Holmstrom. -. Tirole. . approach. Cash in the . Market. and . Asset. . Fire. Sales. Wenli. Li, FRB Philadelphia. Michelle J. White, UCSD and NBER. What we do: . Examine the interaction of homeowners’ decisions to default on their mortgages and file for bankruptcy. . We test: . W. Prepared for COMESA Workshop on Financial Stability. 24. th. August to 1. st. September 2015. Session Objectives . Understand key drivers of liquidity stress. Provide an overview of liquidity risk measurement indicators. Journal of Economic Perspectives Vol. 23, Number 1-Winter 2009 pp., 77-100. Markus L. . Brunnermeier. Princeton University. Bursting of housing bubble forced banks to write down several hundred billion dollars in bad loans caused by mortgage delinquencies. Heather Tookes Yale School of Management PO Box 208200 New Haven CT 06520 heathertookesyaleeduDoes trader leverage exacerbate the liquidity comovement that we observe during crises Commonality in liqu Why . the last taxicab must NEVER leave the train station. ” . Douglas W. Diamond. Chicago Booth and NBER. and. Anil K . Kashyap. Chicago Booth and . NBER. Becker Brown Bag. November 21, 2016. 1. Basel III and Liquidity Regulation. John . Driffill. and Marcus Miller. Birkbeck. and University of Warwick. 1. Financial boom…. (. Note: US GDP is about $14 trillion). 2. Followed by bust: UK recession (dark blue) . relative to earlier . and the Global Economic Crisis’. Piet . Eichholtz. Maastricht University. ERES 2010 . Conference. June . 2010. Nils . Kok. UC Berkeley. Maastricht University. Erkan Yönder. Maastricht University. The crisis originated in the real estate .