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We formulate the “High Liquidity Creation Hypothesis” (HLCH) that a proliferation in the core activity of bank liquidity creation increases failure probabil
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We formulate the “High Liquidity Creation Hypothesis” (HLCH) that a proliferation in the core activity of bank liquidity creation increases failure probabil
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Bank failures, near failures, and crises are common throughout the world, and particularly in the major G-10 trading countries, including the United States, Ger