Kato, Ryo; Kobayashi, Shun; Saita, Yumi - Bank of Japan - 2010
lay out an early warning system (EWS) to predict a financial crisis where the role of capital and liquidity are explicitly …, (ii) liability-side liquidity has a statistically significant predictive power for a potential financial crisis a few … capital and liquidity requirements, as more stringent regulations are expected to reduce the probability of financial crisis …