This page provides links to presentations, books, papers and reports relating to bank liquidity risk.
Presentations
Dan Tarullo discusses the U.S. economy. Speaker: Daniel K. Tarullo, Member of the Board of Governors, U.S. Federal Reserve Board Presider: Jeffrey E. Garten, Juan Trippe Professor in the Practice of International Trade, Finance, and Business, Yale School of Management
A Conversation with Governor Daniel Tarullo
In-depth interview with Governor Daniel K. Tarullo, of the Federal Reserve Board and Chairman of the Federal Financial Institutions Examination Council, (the lead interagency body of the five US regulators) on the current status banking regulation in the US and internationally, at CFR, June 2015.
John H. Cochrane, AQR Capital Management Distinguished Service Professor of Finance, Booth School of Business, University of Chicago
Professor John Cochrane's Vision
Professor John H. Cochrane of Chicago Booth describes his vision of a run-free financial system at the "After Dodd-Frank, the Future of Financial Markets" conference at Mercatus Center at George Mason University. See also "Toward a run-free financial system", 2014.
The deepest economic collapse in 75 years occurred because of a widespread failure across the financial system rather than a single cause, according to a new report by Jeffrey R. Shafer published by the McGraw Hill Financial Global Institute.
Five Years Later: Lessons from the Crisis
Jeffrey R. Shafer became Chairman of mCD IP Corporation in Sept 2015. Formerly, a senior bank executive and Treasury official, he argues the cause of the deepest economic collapse in 75 years was a widespread failure across the financial system. See also, the McGraw Hill Financial Global Institute paper, 2013.
In a short film, Chicago Booth faculty assess what progress has been made in the five years since the collapse of Lehman Brothers, and offer four big ideas to fix the global financial system. This video is a companion to "What Occupy Wall Street should have said," the cover story from the Summer 2013 issue of Capital Ideas.
What Progress Since the Crisis?
Chicago Booth faculty assess what progress has been made since the collapse of Lehman Brothers, and offer four big ideas to fix the global financial system.
See also, "What Occupy Wall Street should have said", Capital Ideas, 2013
Books
Bagehot, Walter. 1873. "Lombard Street: A Description of the Money Market".
Gorton, G. B. 2012. "Misunderstanding Financial Crises: Why We Don’t See Them Coming".
Matz, L. 2011. "Liquidity Risk Measurement and Management: Basel III and Beyond".
Papers
Acharya V.V., and Nada Mora. 2013. "A Crisis of Banks as Liquidity Providers".
Brunnermeier, M. K., Krishnamurthy A., Gorton G,. 2013. “Liquidity Mismatch Measurement”. NBER.
Bruno, V. and Shin H.S. 2014. “Cross-border banking and global liquidity”. BIS Working Paper.
Cochrane J.H., May 27, 2015, “Tucker and Bagehot at Hoover” The Grumpy Economist Blog
Grant, J. 2012. “Liquidity transfer pricing: A guide to better practice”. Working Paper. APRA.
Hong, H., Huang J. and Wu D. 2013. “The Information Content of Basel III Liquidity Risk Measures".
Huberman, G. and Repullo R. 2014. “Moral Hazard and Debt Maturity”. Columbia Business School