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 …

liquidity of stocks. Following Kurz and Motolese (2008), wepropose a simple theoretical model to show that the equilibrium stock …, it is shown in this paper that when market belief is more volatile,trading volume and liquidity decline while price …

We argue that there is a connection between the interbank market for liquidity and thebroader financial markets, which … has its basis in demand for liquidity by banks. Tightnessin the interbank market for liquidity leads banks to engage in …

The study of liquidity in financial markets either invokes the ease with whichfinancial securities can be bought and … think of liquidity as an exogenous measure of the added costs per transactionassociated to trading large quantities of the …

, liquidity may vanish even if small, riskneutralbuyers could easily compensate the ongoing selling. Thus, more marketsare …