The COVID-19 pandemic spawned a global liquidity crisis in March 2020. The global liquidity crisis was alleviated by … leading tool to manage international liquidity crises. The swap network can be viewed as a step in the direction of a global …

countries with an alternative form of liquidity management against foreign shocks when traditional reserves are committed to …

, liquidity, and the yield curve. We find that orderflow imbalances (excess buying or selling pressure) can account for as much as … orderflow on yields is permanent and strongest when liquidity is low. All of the evidence points toward an important role of …

the international liquidity management aspect of sterilization over the traditional monetary one, a re-focus that seems … liquidity management issues more generally …

We study the effects of monetary and fiscal policies when both money and government bonds provide liquidity services … the supply of bonds. Those movements in government bond prices affect available liquidity, and therefore aggregate demand … interest rate on money. We conclude that in a liquidity-dependent world, fiscal and monetary policies are joined at the hip …

This paper deals with the relations among international liquidity,the exchange-rate regime and the effectiveness of … provision of liquidity …

on asset prices and financial liquidity. The theory predicts asset prices carry a speculative premium that reflects the … asset's marketability and depends on monetary policy and the market microstructure where it is traded. These liquidity …

We study liquidity conditions in the corporate bond market during the COVID-19 pandemic, and the effects of the … unprecedented interventions by the Federal Reserve. We find that, at the height of the crisis, liquidity conditions deteriorated … "lean against the wind" and bid-ask spreads declined. To study the causal impact of the interventions on market liquidity …

expanding (rather than restricting) capital flows. This involves accumulating reserves when global liquidity is high to buy back …