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Systemic Illiquidity in the Federal Funds Market
9 references·16 citing·44 second hop
Systemic Illiquidity in the Federal Funds Market (2007)Systemic Illiquidity in the Federal Funds…Precautionary Hoarding of Liquidity and Interbank Markets: Evidence from the Subprime Crisis (2012)Precautionary Hoarding of Liq…Price dispersion in OTC markets: A new measure of liquidity (2010)Price dispersion in OTC marke…A Search‐Based Theory of the On‐the‐Run Phenomenon (2008)A Search‐Based Theory of the …Valuation in Over-the-Counter Markets (2007)Valuation in Over-the-Counter…Valuation in Over-the-Counter Markets (2006)Valuation in Over-the-Counter…Over-the-Counter Markets (2004)Over-the-Counter MarketsBanks as Monitors of Other Banks: Evidence from the Overnight Federal Funds Market (2001)Banks as Monitors of Other Ba…The Microstructure of the Federal Funds Market (1999)The Microstructure of the Fed…The Daily Market for Federal Funds (1996)The Daily Market for Federal …A dynamic network model of the unsecured interbank lending market (2018)A dynamic network model of th…Relationship Lending in the Interbank Market and the Price of Liquidity (2016)Relationship Lending in the I…Pricing and Liquidity in Decentralized Asset Markets (2016)Pricing and Liquidity in Dece…Monetary Policy, Asset Prices, and Liquidity in Over-the-Counter Markets (2016)Monetary Policy, Asset Prices…Excess reserves and monetary policy implementation (2016)Excess reserves and monetary …Frictions in the Interbank Market and Uncertain Liquidity Needs: Implications for Monetary Policy Implementation (2014)Frictions in the Interbank Ma…Banks, Liquidity Management and Monetary Policy (2014)Banks, Liquidity Management a…Trading Partners in the Interbank Lending Market (2013)Trading Partners in the Inter…Federal Reserve Tools for Managing Rates and Reserves (2013)Federal Reserve Tools for Man…Over-the-counter loans, adverse selection, and stigma in the interbank market (2012)Over-the-counter loans, adver…Market Making Under the Proposed Volcker Rule (2012)Market Making Under the Propo…Efficiency and Stability of a Financial Architecture with Too Interconnected to Fail Institutions (2012)Efficiency and Stability of a…Precautionary Demand and Liquidity in Payment Systems (2011)Precautionary Demand and Liqu…Finding a Good Price in Opaque Over-the-Counter Markets (2011)Finding a Good Price in Opaqu…Why pay? An introduction to payments economics (2008)Why pay? An introduction to p…Price Dispersion in OTC Markets: A New Measure of Liquidity (2008)Price Dispersion in OTC Marke…The Bargaining Problem (1950)Bid, ask and transaction prices in a specialist market with heterogeneously informed traders (1985)Continuous Auctions and Insider Trading (1985)Limits of Arbitrage (2010)The Same Bond at Different Prices: Identifying Search Frictions and Selling Pressures (2010)Regulatory pressure and fire sales in the corporate bond market (2011)ON THE PRICING OF CORPORATE DEBT: THE RISK STRUCTURE OF INTEREST RATES* (1974)The Benefits of Lending Relationships: Evidence from Small Business Data (1994)Relationship Lending and Lines of Credit in Small Firm Finance (1995)Corporate Governance and Bank Risk‐taking (2015)CORPORATE GOVERNANCE OF BANKS: A SURVEY (2015)Bank Runs, Deposit Insurance, and Liquidity (1983)The Economic Institutions of Capitalism (1986)The Economic Institutions of Capitalism (1987)Returns to Retail Banking and Payments (2011)Mobile money, traditional financial services and firm productivity in Africa (2022)Perfect Equilibrium in a Bargaining Model (1982)The Limits of Arbitrage (1995)Counterparty credit risk and the credit default swap market (2011)Liquidity: A New Monetarist Perspective (2017)Asset pricing and the bid-ask spread (1986)A Theory of Intraday Patterns: Volume and Price Variability (1988)Stochastic Integration and Differential Equations (2005)Bond Liquidity Premia (2011)The TIPS‐Treasury Bond Puzzle (2013)Determinants of corporate borrowing (1977)Credit Rationing in Markets with Imperfect Information (1981)Corporate financing and investment decisions when firms have information that investors do not have (1984)Illiquidity and All Its Friends (2011)Liquidity hoarding and interbank market rates: The role of counterparty risk (2015)Does Credit Crunch Investment Down? New Evidence on the Real Effects of the Bank-Lending Channel (2016)Illiquidity and stock returns: cross-section and time-series effects (2002)The Impact of Central Clearing on Counterparty Risk, Liquidity, and Trading: Evidence from the Credit Default Swap Market (2012)Financing Dies in Darkness? The Impact of Newspaper Closures on Public Finance (2018)Funding Value Adjustments (2018)The Statistical and Economic Role of Jumps in Continuous‐Time Interest Rate Models (2004)Lending relationships in the interbank market (2008)Liquidity in Asset Markets With Search Frictions (2009)Interbank Exposures: Quantifying the Risk of Contagion (1999)Do interbank customer relationships exist? And how did they function in the crisis? Learning from Italy (2011)Trade Dynamics in the Market for Federal Funds (2015)Liquidity and Asset Prices (2006)Corporate bond liquidity before and after the onset of the subprime crisis (2011)The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response (2013)
this work references cited by second hop

References

  • 2004Over-the-Counter Markets1,199 cited
  • 2007Valuation in Over-the-Counter Markets526 cited
  • 1996The Daily Market for Federal Funds426 cited
  • 2008A Search‐Based Theory of the On‐the‐Run Phenomenon363 cited
  • 2001Banks as Monitors of Other Banks: Evidence from the Overnight Federal Funds Market354 cited
  • 2012Precautionary Hoarding of Liquidity and Interbank Markets: Evidence from the Subprime Crisis354 cited
  • 2006Valuation in Over-the-Counter Markets338 cited
  • 1999The Microstructure of the Federal Funds Market312 cited
  • 2010Price dispersion in OTC markets: A new measure of liquidity203 cited

Cited by

  • 2008Why pay? An introduction to payments economics205 cited
  • 2012Efficiency and Stability of a Financial Architecture with Too Interconnected to Fail Institutions177 cited
  • 2012Market Making Under the Proposed Volcker Rule152 cited
  • 2016Pricing and Liquidity in Decentralized Asset Markets133 cited
  • 2016Relationship Lending in the Interbank Market and the Price of Liquidity123 cited
  • 2013Trading Partners in the Interbank Lending Market123 cited

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2014
Banks, Liquidity Management and Monetary Policy
122 cited
  • 2011Finding a Good Price in Opaque Over-the-Counter Markets119 cited
  • 2016Monetary Policy, Asset Prices, and Liquidity in Over-the-Counter Markets117 cited
  • 2012Over-the-counter loans, adverse selection, and stigma in the interbank market114 cited
  • 2008Price Dispersion in OTC Markets: A New Measure of Liquidity72 cited
  • 2014Frictions in the Interbank Market and Uncertain Liquidity Needs: Implications for Monetary Policy Implementation68 cited
  • 2016Excess reserves and monetary policy implementation66 cited
  • 2013Federal Reserve Tools for Managing Rates and Reserves63 cited
  • 2018A dynamic network model of the unsecured interbank lending market63 cited
  • 2011Precautionary Demand and Liquidity in Payment Systems62 cited