We consider the effects of quantitative easing on the liquidity of the Swedish government bonds. To capture multiple … dimensions of liquidity we use several measures built on a unique and highly granular transaction-based dataset. We find that the … Riksbank's purchases of government bonds improved liquidity, but only to a point. In fact, the deterioration in the level of …

Japan Governor Kuroda brought violent fluctuations in the prices of government bonds and deteriorated market liquidity. Does … prevent the decrease? This paper analyzes how the Bank of Japan's purchasing policy changes influenced market liquidity. The … a central bank's government bond purchasing policy generally reduce market liquidity? Do conditions exist that can …

impact on liquidity conditions as measured by bid-ask spreads and inter-dealer order book depth. We further show that the …

and NGEU initiatives helped improve EU bonds' market liquidity from previously low levels, also reducing liquidity risk … premia. Eurosystem purchases and holdings of EU bonds did not impair market liquidity. Currently, one obstacle to EU bonds …

) effects of the Bank of Japan (BOJ)'s JGB purchases on market liquidity. Moreover, we also find evidence that such scarcity …Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints …, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity when the increase in the central …

equilibrium market liquidity, and that the magnitude of this effect is sensitive to the market's information environment. We test …-the-run Treasury securities decline on days when POMOs are executed; and ii) POMOs' positive liquidity externalities are increasing in …

, concerns about the market liquidity of the Eurozone sovereign debt markets have been raised. We aim to quantify illiquidity … risks, especially such related to liquidity dry-ups, and illiquidity spillover across maturities by examining the reaction … processes. We find that: a) market liquidity is more fragile and less predictable when an asset is very illiquid and, b) the …

market liquidity over time, when dealer balance sheet utilization reaches sufficiently high levels, liquidity is much worse …

and inconsistent with liquidity-based explanations. The underpricing has increased considerably during the financial … crisis and has remained at an elevated level since. We also show that secondary market liquidity in the euro area bond market …