Akın, ÖzlemÖzsoy, Satı Mehmet2024-03-072024-03-072019-03-28978-363177986-6http://hdl.handle.net/10679/9272Banks create liquidity by transforming liquid liabilities into illiquid assets and this is one of their main functions. Yet excessive liquidity creation, especially via off-balance sheet activities, might have contributed to the 2008-2009 financial crisis. In this chapter, we analyze the dynamics of liquidity creation in Turkey and the United States, and the contribution of off-balance sheet activities therein.engrestrictedAccessbookPart7794BanksFinancial crisisLiquidity creationOff-balance sheet2-s2.0-85112590684