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 investigates the returns and °ows of German money marketfunds before and during the liquidity crisis of 2007 … papers. By doing sothey outperformed other funds as long as liquidity in the market washigh. Investing in less liquid assets … liquidity caused by the subprime crisis, illiquid fundsexperienced runs, while more liquid funds functioned as a safe haven. …

market design and liquidity, can beexploited to estimate unique information shares. The empirical application of the …

component, a pure liquidity component, and a component measuring therelation between credit risk and liquidity. CDS liquidity … has important consequences for the bondcredit risk and liquidity components. Besides the credit risk link, we document a … liquidity linkbetween the bond and the CDS market. Liquidity in both markets dries up as credit risk increases,and higher bond …

credit risk and liquidity. IfCDS and bonds are used in a dynamic hedging strategy or in a basis trading strategy thatdepends …