Home > Research > Publications & Outputs > Bank liquidity creation following regulatory in...

Electronic data

  • Berger Bouwman Kick Schaeck Jan 3

    Rights statement: This is the author’s version of a work that was accepted for publication in Journal of Financial Intermediation. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Financial Intermediation, 26, 2016 DOI: 10.1016/j.jfi.2016.01.001

    Accepted author manuscript, 1016 KB, PDF document

    Available under license: CC BY-NC-ND: Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License

Links

Text available via DOI:

View graph of relations

Bank liquidity creation following regulatory interventions and capital support

Research output: Contribution to journalJournal article

Published

Standard

Bank liquidity creation following regulatory interventions and capital support. / Berger, Allen N.; Bouwman, Christa H. S.; Kick, Thomas; Schaeck, Klaus.

In: Journal of Financial Intermediation, Vol. 26, 04.2016, p. 115-141.

Research output: Contribution to journalJournal article

Harvard

Berger, AN, Bouwman, CHS, Kick, T & Schaeck, K 2016, 'Bank liquidity creation following regulatory interventions and capital support', Journal of Financial Intermediation, vol. 26, pp. 115-141. https://doi.org/10.1016/j.jfi.2016.01.001

APA

Berger, A. N., Bouwman, C. H. S., Kick, T., & Schaeck, K. (2016). Bank liquidity creation following regulatory interventions and capital support. Journal of Financial Intermediation, 26, 115-141. https://doi.org/10.1016/j.jfi.2016.01.001

Vancouver

Berger AN, Bouwman CHS, Kick T, Schaeck K. Bank liquidity creation following regulatory interventions and capital support. Journal of Financial Intermediation. 2016 Apr;26:115-141. https://doi.org/10.1016/j.jfi.2016.01.001

Author

Berger, Allen N. ; Bouwman, Christa H. S. ; Kick, Thomas ; Schaeck, Klaus. / Bank liquidity creation following regulatory interventions and capital support. In: Journal of Financial Intermediation. 2016 ; Vol. 26. pp. 115-141.

Bibtex

@article{739f80ae15cb45f28669500698cd6ef4,
title = "Bank liquidity creation following regulatory interventions and capital support",
abstract = "We study the effects of regulatory interventions and capital support (bailouts) on banks’ liquidity creation. We rely on instrumental variables to deal with possible endogeneity concerns. Our key findings, which are based on a unique supervisory German dataset, are that regulatory interventions robustly trigger decreases in liquidity creation, while capital support does not affect liquidity creation. Additional results include the effects of these actions on different components of liquidity creation, lending, and risk taking. Our findings provide new and important insights into the debates about the design of regulatory interventions and bailouts.",
keywords = "Liquidity creation, Bank distress, Regulatory interventions, Capital support, Bank bailouts",
author = "Berger, {Allen N.} and Bouwman, {Christa H. S.} and Thomas Kick and Klaus Schaeck",
note = "This is the author’s version of a work that was accepted for publication in Journal of Financial Intermediation. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Financial Intermediation, 26, 2016 DOI: 10.1016/j.jfi.2016.01.001",
year = "2016",
month = "4",
doi = "10.1016/j.jfi.2016.01.001",
language = "English",
volume = "26",
pages = "115--141",
journal = "Journal of Financial Intermediation",
issn = "1042-9573",
publisher = "Academic Press Inc.",

}

RIS

TY - JOUR

T1 - Bank liquidity creation following regulatory interventions and capital support

AU - Berger, Allen N.

AU - Bouwman, Christa H. S.

AU - Kick, Thomas

AU - Schaeck, Klaus

N1 - This is the author’s version of a work that was accepted for publication in Journal of Financial Intermediation. Changes resulting from the publishing process, such as peer review, editing, corrections, structural formatting, and other quality control mechanisms may not be reflected in this document. Changes may have been made to this work since it was submitted for publication. A definitive version was subsequently published in Journal of Financial Intermediation, 26, 2016 DOI: 10.1016/j.jfi.2016.01.001

PY - 2016/4

Y1 - 2016/4

N2 - We study the effects of regulatory interventions and capital support (bailouts) on banks’ liquidity creation. We rely on instrumental variables to deal with possible endogeneity concerns. Our key findings, which are based on a unique supervisory German dataset, are that regulatory interventions robustly trigger decreases in liquidity creation, while capital support does not affect liquidity creation. Additional results include the effects of these actions on different components of liquidity creation, lending, and risk taking. Our findings provide new and important insights into the debates about the design of regulatory interventions and bailouts.

AB - We study the effects of regulatory interventions and capital support (bailouts) on banks’ liquidity creation. We rely on instrumental variables to deal with possible endogeneity concerns. Our key findings, which are based on a unique supervisory German dataset, are that regulatory interventions robustly trigger decreases in liquidity creation, while capital support does not affect liquidity creation. Additional results include the effects of these actions on different components of liquidity creation, lending, and risk taking. Our findings provide new and important insights into the debates about the design of regulatory interventions and bailouts.

KW - Liquidity creation

KW - Bank distress

KW - Regulatory interventions

KW - Capital support

KW - Bank bailouts

U2 - 10.1016/j.jfi.2016.01.001

DO - 10.1016/j.jfi.2016.01.001

M3 - Journal article

VL - 26

SP - 115

EP - 141

JO - Journal of Financial Intermediation

JF - Journal of Financial Intermediation

SN - 1042-9573

ER -