Browsing ECO_Articles by Author "c5477a37-0267-4b71-940f-e020a1b31ede"
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Financial Integration and Liquidity Crises
Castiglionesi, Fabio; Feriozzi, Fabio; Lorenzoni, Guido Informs (2019-03)This paper analyzes the effects of financial integration on the stability of the banking system. Financial integration allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world ... -
Liquidity Coinsurance and Bank Capital
Castiglionesi, Fabio; Feriozzi, Fabio; Loranth, Gyöngyi; Pelizzon, Loriana Wiley (2014-03-26)Banks can deal with their liquidity risk by holding liquid assets (self-insurance), by participating in interbank markets (coinsurance), or by using flexible financing instruments, such as bank capital (risk sharing). We ...