Liquidity and the Financial System

NOTE: The papers listed here are reproduced as submitted by their respective authors, and do not necessarily reflect the opinions or policies of the Bank of Canada. Papers submitted by persons not in the employ of the Bank of Canada may be subject to the copyright policies of the submitters' organizations and/or countries, and therefore should not be reproduced in whole or in part without the permission of the author(s). Papers are presented in the language of the authors only.

"Liquidity Hoarding, Network Externalities, and Interbank Market Collapse"

Presentation: Prasanna Gai and Sujit Kapadia

"Macroprudential Capital Requirements and Systemic Risk"

Presentation: Céline Gauthier, Alfred Lehar, and Moez Souissi

"Liquidity and Bank Capital Requirements"

Presentation: Hajime Tomura

"Laying Off Credit Risk: Loan Sales and Credit Default Swaps"

Presentation: Christine A. Parlour and Andrew Winton

"The Evolution of a Financial Crisis: Panic in the Asset-Backed Commercial Paper Market"

Presentation: Daniel Covitz, Nellie Liang, and Gustavo Suarez

"Rollover Risk and Market Freezes"

Presentation: Douglas Gale, Viral Acharya, and Tanju Yorulmazer

"Illiquidity Component of Credit Risk"

Presentation: Stephen Morris and Hyun Song Shin

"Dynamic Debt Runs"

Presentation: Zhiguo He and Wei Xiong

"On Informationally Efficient Markets and Efficient Market Outcomes in Monetary"

(New title: On the Societal Benefits of Non-Disclosure Policies in Monetary Economies)
Presentation: David Andolfatto

"Liquidity, Innovation and Growth"

Presentation: Shouyong Shi, Aleksander Berentsen, and Mariana Rojas Breu

"Financial Intermediation and Credit Policy in Business Cycle Analysis"

Presentation: Nobuhiro Kiyotaki and Mark Gertler

"Bond Liquidity Premia"

Presentation: Jean-Sébastien Fontaine and René Garcia

"Funding Liquidity Risk: Definition and Measurement"

Presentation: Mathias Drehmann and Kleopatra Nikolaou