This article reviews the dramatic growth of nonbank mortgage lending after the Global
Financial Crisis, especially to borrowers with lower credit scores, and the related importance …

I find that shadow bank money creation significantly expands during monetary-tightening
cycles. This “shadow banking channel” offsets reductions in commercial bank deposits and …

Liquidity restrictions on investors, like the redemption gates and liquidity fees introduced in
the 2016 money market fund (MMF) reform, are meant to improve financial stability …

We show that the role of unsecured, short-term wholesale funding for global banks has
changed significantly in the post-financial-crisis regulatory environment. Global banks …

This paper studies the equilibrium effect of public liquidity on financial crises. Banks borrow
from households via insured deposits and partially runnable debt, and suffer endogenous …

Liquidity restrictions on investors, like the redemption gates and liquidity fees introduced in
the 2016 money market fund (MMF) reform, are meant to improve financial stability during …

How does the structure of financial intermediaries' liabilities affect their asset holdings? We
investigate the consequences of the 2014 money market fund (MMF) reform, which imposed …

We examine how a policy change by the FDIC, which unexpectedly exempted some banks,
affects corporate lending via changes in reserves during the Quantitative Easing (QE) era …

The research objective is to test the relationship between the liquidity regulation and
monetary policy in construction projects. This research used a qualitative method. In this …

This study demonstrates the influence mechanisms of liquidity regulation on banks' carbon
bias through a simplified balance sheet model. Subsequently, we empirically analyze the …