technology exhibits increasing returns to scale, or it is relatively efficient, then perfect competition is optimal and supports …, or is relatively inefficient, then imperfect competition and intermediate levels of bank risks are optimal. These results …

This paper examines the drivers of liquidity shortages in the Mexican government bond market. We use unique transaction …- and quote level data with information on end-investors to construct an index of bond market liquidity. We find that … liquidity remained stable in recent years, although temporary shortages arose amid domestic and global market stress. The …

that in the model government bonds are more liquid than private financial assets and that entrepreneurs face liquidity …

This paper provides an overview of indicators that can be used to illustrate and analyze liquidity developments in … aspects of market liquidity, namely tightness (costs), immediacy, depth, breadth, and resiliency. These measures are applied …''s degree of liquidity and because market-specific factors and peculiarities must be considered …