aggressive use of both traditional monetary policy instruments and innovative tools in an effort to provide liquidity. In this …

We find that banks subject to the Liquidity Coverage Ratio (LCR) create less liquidity per dollar of assets in the post …-off between lower liquidity creation and greater resilience from liquidity regulations …

responsibilities. In April 2020, the Federal Reserve announced the establishment of the Municipal Liquidity Facility (MLF) to help …

We estimate the option value of municipal liquidity by studying bond market activity and public sector hiring decisions … eligibility population cutoffs introduced by the federal sector’s Municipal Liquidity Facility (MLF) to study the effects of an … emergency liquidity option on yields, primary debt issuance, and public sector employment. We find that while the announcement …

The Term Auction Facility (TAF), the first auction-based liquidity initiative by the Federal Reserve during the global … efficacy of the TAF in helping the interbank market to relieve liquidity strains …