programs may also finance non-education activities for students whose liquidity is otherwise restricted. This paper explores … be driven by liquidity rather than human capital or wealth effects …

We study the relationship between volatility and liquidity in the market for on-the-run Treasury securities using a … to volatility in future, perhaps because liquidity is more reliant on high-speed quote replenishment and is therefore …

they mitigate credit risk, CCPs create liquidity risks, because they require participants to provide cash. Such … requirements increase with market volatility; consequently, CCP liquidity needs are inherently procyclical. This procyclicality …. Liquidity-focused macroprudential stress tests could help to assess and manage this systemic liquidity risk …

We examine the transmission of liquidity across the supply chain during the 2007-09 financial crisis, a period of … liquidity to their own suppliers. The main determinant of the usage of short-term financing is a product market shock. Firms … monitoring of creditors by suppliers. The lack of liquidity provision to suppliers by high demand firms is likely due to the high …

. Moreover, although they mitigate credit risk, CCPs create liquidity risks, because they rely on participants to provide cash …. Such requirements increase with both market volatility and default; consequently, CCP liquidity needs are inherently … financial institutions default. Liquidity-focused macroprudential stress tests could help to assess and manage this systemic …