Central bank liquidity lines have gained momentum since the global financial crisis as a crosscurrency liquidity … management tool. We provide a complete timeline of the ECB liquidity line announcements and study their signalling and spillback … effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX …

its currency and an exchange rate peg. This way, the central bank can implement the optimal escape from a liquidity trap … to escape from a liquidity trap. …

We developed a novel Systemwide Liquidity (SWL) framework to identify liquidity stress in the system that goes beyond … banks and to assess the role played by non-bank financial institutions (NBFIs) in episodes of liquidity stress. The … framework, which complements standard liquidity and interconnectedness analyses, traces the flow of liquidity among various …

to meet funds' liquidity needs to cover variation margin calls on derivatives under a range of stress scenarios. The … sufficient liquidity buffers to meet the calls under adverse market shocks. As a result, they are likely to redeem money market … policies for nonbanks, particularly regarding liquidity risk in funds …

We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency … order to test for the transmission of liquidity shocks across U.S. financial markets. It is found that the interaction …

Developing a systemic liquidity stress testing tool is challenging due to data constraints and hard-to-model behavioral … factors. There has yet to be a uniformly accepted model partly because the nature of systemic liquidity risks differs … significantly across countries. This paper offers a simple Excel-based tool to assess the high-level impact of aggregate liquidity …

Market liquidity is of value to both investors and issuers of securities, and is therefore a crucial factor in asset … pricing. For the important asset class of Eurobonds, significant feedback from liquidity to pricing is established, and it is … shown that bid-ask spreads (a proxy for market liquidity) and yields are closely related to bond characteristics such as …

play a role in Turkey's monetary transmission mechanism. Specifically, bank liquidity is found to have a significant effect … sector, depending on its liquidity position. …