credit risk transfer. The possibility of transferring credit reduces the impact of liquidity shocks on bank balance sheets …

. Instead, our results are in line with the hypothesis that a lower trading volume reduces liquidity, and thereby market quality …

We discuss the notion of liquidity and liquidity risk within the financial system. We distinguish between three … different liquidity types, central bank liquidity, funding and market liquidity and their relevant risks. In order to understand … the workings of financial system liquidity, as well as the role of the central bank, we bring together relevant literature …

finds that common shocks – key crisis events as well as changes to global liquidity and risk – have exerted a large effect …

liquidity was isolated from their interest rate expectations in March 2004. The paper offers two potential explanations for the … unexpected behavior. First, following the increased precision in the ECB’s liquidity provision after the end-of- period fine … tuning operations were added to the regularly applied tools, even a small bias in the liquidity supply could have resulted in …

reduce loan granting, especially to firms or from banks with lower capital or liquidity ratios. Moreover, responding to …

consume because of two key features: multiple assets with different degrees of liquidity and an idiosyncratic income process …

M3. More in general, the paper lends further support to the view that money and 'liquidity' should be assigned an …

sample period. Main refinancing operations with the open market are associated with active liquidity re-allocation, little …