features in the propagation of the two crises, the most important being the flight to liquidity and safety. In both crises …, deposit outflows were not the only important sources of liquidity pressure on banks: in 1931, the central European acceptances … of the London merchant banks were a serious problem, as, in 2008, were the liquidity commitments that commercial banks …

This study outlines a methodology for mapping the increases in capital and liquidity requirements proposed under Basel …

We examine the liquidity effects of the euro area sovereign debt crisis, including its effects on euro area banks as a … group, on intra-euro area financial flows, on the supply of and demand for collateral, and on international liquidity. The … deficit countries and its collateral policy. The euro crisis has also created international liquidity stresses. We find that …

The pre-crisis period was characterised by ample liquidity, a credit boom, and low yields in a wide range of asset … relation between liquidity and the excessive accumulation of risks remains a central policy question. How do credit booms …

debt. This perspective explains among other things why opacity often enhances liquidity in credit markets and therefore why …

explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how … market value accounting and capital adequacy should react to asset prices. It concludes with a topical form of liquidity …

frequencies for FX and bond returns likely reflects the superior depth and liquidity of these markets. …