in 2017, there was no commensurate shrinkage of these claims on liquidity. Consequently, the financial sector was left … more sensitive to potential liquidity shocks, with weaker-capitalized banks most exposed. This necessitated Fed liquidity … provision in September 2019 and again in March 2020. Liquidity-risk-exposed banks suffered the most drawdowns and the largest …

important policy instrument, insuring against liquidity shortages. We find that countries' policy mixes are diverse, and have …

'Phoenix Emergence' of Western Europe and Japan from WWII destruction. The contrast between the two exit strategies suggests …

' provision of liquidity insurance in the form of credit lines, their significance in managing corporate liquidity, and the …

) can be affected by the movements in the center economies - the U.S., Japan, the Eurozone, and China. We apply a two …

We study the exposure of the US corporate bond returns to liquidity shocks of stocks and Treasury bonds over the period … 1973 - 2007 in a regime - switching model. In one regime, liquidity shocks have mostly insignificant effects on bond prices … default), suggest the existence of time-varying liquidity risk of corporate bond returns conditional on episodes of flight to …