liquidity in the financial system, partly caused by spending of oil receipts. In the face of persistent excess liquidity in the …; however, these had a limited impact on monetary aggregates. A structural excess liquidity is a common feature in oil exporting … monetary policy and liquidity management and discusses role of selective financial markets in improving liquidity management in …

and of income losses following a crisis. She tests the validity of "insurance" and "liquidity" models of currency crisis …

This paper extends a New Keynesian model to include roles for currency and depositsas competing sources of liquidity …

We find that U.S. corporations' demand for liquidity is sensitive to two importantfactors: uncertainty facing the rm … important role inmanaging liquidity risks. Policy recommendations may not only be limited to changesin financial policy but may …