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Bank Liquidity Creation and Financial Crises

Author

Listed:
  • Berger, Allen

    (Moore School of Business, University of South Carolina, Columbia, SC, USA)

  • Bouwman, Christa

    (Texas A&M University, College Station, TX, and Wharton Financial Institutions Center, Philadelphia, PA, USA)

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

Suggested Citation

  • Berger, Allen & Bouwman, Christa, 2015. "Bank Liquidity Creation and Financial Crises," Elsevier Monographs, Elsevier, edition 1, number 9780128002339.
    • Handle: RePEc:eee:monogr:9780128002339
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    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
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    Cited by:

    1. Jérémie Bertrand & Paul-Olivier Klein & Jean-Loup Soula, 2022. "Liquidity Creation and Trust Environment," Journal of Financial Services Research, Springer;Western Finance Association, vol. 62(3), pages 201-232, December.
    2. Davydov, Denis & Fungáčová, Zuzana & Weill, Laurent, 2018. "Cyclicality of bank liquidity creation," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 55(C), pages 81-93.
    3. Kapoor, Supriya & Peia, Oana, 2021. "The impact of quantitative easing on liquidity creation," Journal of Banking & Finance, Elsevier, vol. 122(C).
    4. Goel, Manisha & Zemel, Michelle, 2018. "Switching to bonds when loans are scarce: Evidence from four U.S. crises," Journal of Corporate Finance, Elsevier, vol. 52(C), pages 1-27.
    5. Thorsten Beck & Robin Döttling & Thomas Lambert & Mathijs Dijk, 2023. "Liquidity creation, investment, and growth," Journal of Economic Growth, Springer, vol. 28(2), pages 297-336, June.
    6. Hou, Xiaohui & Li, Shuo & Li, Wanli & Wang, Qing, 2018. "Bank diversification and liquidity creation: Panel Granger-causality evidence from China," Economic Modelling, Elsevier, vol. 71(C), pages 87-98.
    7. André F. Silva, 2019. "Strategic Liquidity Mismatch and Financial Sector Stability," Finance and Economics Discussion Series 2019-082, Board of Governors of the Federal Reserve System (U.S.).
    8. Allen N. Berger & Sadok El Ghoul & Omrane Guedhami & Raluca A. Roman, 2017. "Internationalization and Bank Risk," Management Science, INFORMS, vol. 63(7), pages 2283-2301, July.
    9. Tang, Ying & Li, Zhiyong & Chen, Jing & Deng, Chao, 2021. "Liquidity creation cyclicality, capital regulation and interbank credit: Evidence from Chinese commercial banks," Pacific-Basin Finance Journal, Elsevier, vol. 67(C).
    10. Zuzana Fungáčová & Laurent Weill & Mingming Zhou, 2017. "Bank Capital, Liquidity Creation and Deposit Insurance," Journal of Financial Services Research, Springer;Western Finance Association, vol. 51(1), pages 97-123, February.
    11. Ahmad Sahyouni & Man Wang, 2019. "Liquidity Creation and Bank Performance of Syrian Banks before and during the Syrian War," IJFS, MDPI, vol. 7(3), pages 1-17, July.
    12. Davydov, Denis & Fungáčová, Zuzana & Weill, Laurent, 2018. "Cyclicality of bank liquidity creation," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 55(C), pages 81-93.
    13. Jérémie Bertrand & Jean-Loup Soula & Paul-Olivier Klein, 2022. "Liquidity Creation and Trust Environment," Post-Print hal-03955028, HAL.
    14. Dang, Van Dan & Dang, Van Cuong, 2021. "How do bank characteristics affect the bank liquidity creation channel of monetary policy?," Finance Research Letters, Elsevier, vol. 43(C).
    15. Grover, Naina & Sinha, Pankaj, 2019. "Determinants, Persistence and value implications of liquidity creation: An evidence from Indian Banks," MPRA Paper 94280, University Library of Munich, Germany.
    16. repec:zbw:bofitp:2017_005 is not listed on IDEAS

    More about this item

    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;
    All these keywords.

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