Bank Liquidity Creation and Financial Crises
- 4h 57m
- Allen N. Berger, Christa H.S. Bouwman
- Elsevier Science and Technology Books, Inc.
- 2016
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
In this Book
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Introduction
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Liquidity Creation Theories
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Understanding Financial Statements
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Measurement of Bank Liquidity Creation
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Using Liquidity Creation to Measure Bank Output
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Using Liquidity Creation to Measure Bank Liquidity
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Defining and Dating Financial Crises
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How Much Liquidity Do Banks Create during Normal Times and Financial Crises?
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The Links between Bank Liquidity Creation and Future Financial Crises
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Do Better Capitalized Banks Create More or Less Liquidity?
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Which Banks Create the Most and Least Liquidity?
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How Do Government Policies and Actions Affect Bank Liquidity Creation during Normal Times and Financial Crises?
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Bank Liquidity Creation—Value, Performance, and Persistence
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How Can Bank Executives, Financial Analysts, Researchers (including Academics and Students), and Policy Makers (including Legislators, Regulators, and Central Bankers) Use Bank Liquidity Creation Data to Their Advantages?
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Where We Stand Now and the Open Research and Policy Questions
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Links to Websites Containing Data, Documents, and other Information Useful for US Bank Performance Benchmarking, Research, and Policy Work
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References
