We developed a novel Systemwide Liquidity (SWL) framework to identify liquidity stress in the system that goes beyond … banks and to assess the role played by non-bank financial institutions (NBFIs) in episodes of liquidity stress. The … framework, which complements standard liquidity and interconnectedness analyses, traces the flow of liquidity among various …

This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging … evidence of an historical increase in market liquidity since the early 1990s, in part as a result of advances in international … financial integration, but markets have been increasingly exposed to global systemic liquidity shocks. Second, liq …

We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency … order to test for the transmission of liquidity shocks across U.S. financial markets. It is found that the interaction …

to meet funds' liquidity needs to cover variation margin calls on derivatives under a range of stress scenarios. The … sufficient liquidity buffers to meet the calls under adverse market shocks. As a result, they are likely to redeem money market … policies for nonbanks, particularly regarding liquidity risk in funds …

risk are the main determinants of banking sector development in Africa, and that stock market liquidity, domestic savings …This paper examines empirically the determinants of financial market development in Africa with an emphasis on banking …

As part of Basel III reforms, the NSFR is a new prudential liquidity rule aimed at limiting excess maturity …