) effects of the Bank of Japan (BOJ)'s JGB purchases on market liquidity. Moreover, we also find evidence that such scarcity …Quantitative easing could improve market liquidity through many channels such as relaxing bank funding constraints …, increasing risk appetite, and facilitating trades. However, it can also reduce market liquidity when the increase in the central …

sovereign safe assets and German government bonds adjusted for sovereign credit risk, liquidity and swap market frictions. A …

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 …

for draining excess liquidity in the banking system. While recognizing that there are practical reasons for using central …

Sizable risk capital from outside may be necessary to accelerate Japan''s corporate restructuring to replace the stock …

Portfolio rebalancing is a key transmission channel of quantitative easing in Japan. We construct a realistic …