Ippolito, FilippoPeydró, José-LuisPolo, Andrea, 1983-Sette, Enrico2019-04-102019-04-102016Ippolito F, Peydró JL, Polo A, Sette E. Double bank runs and liquidity risk management. Journal of Financial Economics. 2016;122(1):135-54. DOI: 10.1016/j.jfineco.2015.11.0040304-405Xhttp://hdl.handle.net/10230/37075By providing liquidity to depositors and credit-line borrowers, banks can be exposed to double-runs on assets and liabilities. For identification, we exploit the 2007 freeze of the European interbank market and the Italian Credit Register. After the shock, there are sizeable, aggregate double-runs. In the cross-section, credit-line drawdowns are not larger for banks more exposed to the interbank market; however, they are larger when we condition on the same firms with multiple credit lines. We show that, ex-ante, more exposed banks actively manage their liquidity risk by granting fewer credit lines to firms that run more during crises.application/pdfeng© Elsevier http://dx.doi.org/10.1016/j.jfineco.2015.11.004info:eu-repo/semantics/articlehttp://dx.doi.org/10.1016/j.jfineco.2015.11.004Credit linesLiquidity riskFinancial crisisRunsBasel IIIinfo:eu-repo/semantics/openAccess