Post-crisis regulatory reform in banking: Address insolvency risk, not illiquidity!

AV Thakor - Journal of Financial Stability, 2018 - Elsevier
An extensive review of the evidence related to the 2007–09 crisis reveals that it was an
insolvency risk crisis, not a liquidity crisis. The appropriate post-crisis regulatory reform …

[PDF][PDF] Liquidity and Safety over the Business Cycle

A Ferrero, A Haas - 2023 - al-haas.github.io
This paper builds on two empirical observations:(i) financial conditions are relevant drivers
of the business cycle, and (ii) early stages of the 2007/08 financial crisis, in particular, were …