This Technical Note on Financial Safety Net and Crisis Management for the Canada examines systematic liquidity issues …. The review evaluated the Bank of Canada's (BOC's) operational framework and its ability to manage liquidity conditions in …. The paper highlights that the BOC's framework for market operations and liquidity provision in normal times is …

Market liquidity is typically characterized by a number of ad hoc metrics, such as depth (or market impact), volume … the existing metrics on welfare grounds. In this paper we propose a welfare-based denition of liquidity and characterize … intermedia- tion services (i.e. \liquidity") in exchange for an endogenous fee. Our model is well suited to study the contagion …

sampling frequency of the data; iii) volatility, the limit order book, and liquidity, in terms of tightness, depth, and … empirical evidence about stock market volatility, liquidity, limit order books, and market frictions, and provides a natural …

identical, implying that the concentration of liquidity in one asset is socially desirable. At the same time, too many buyers …

Market liquidity is typically characterized by a number of ad hoc metrics, such as depth, volume, bid-ask spreads etc … grounds. In this paper we propose a welfare-based denition of liquidity and characterize its relationship to the usual proxies … intermediaries pursue prot opportunities by providing intermediation services (i.e. "liquidity") in exchange for an endogenous fee …