Regulation of Money Market Funds (MMFs) in the EU requires some categories of MMFs to consider applying liquidity … management tools if they breach a minimum 'weekly' liquidity requirement. Anticipation of the application of such tools is a … liquidity thresholds explains differences in redemptions both at the start of the COVID-19 crisis and in the following months …

We study the effects of the US Federal Reserve's large-scale asset purchase programs during 2008-2014 on bank liquidity … creation. Banks create liquidity when they transform the liquid reserves resulted from quantitative easing into illiquid assets …. As the composition of banks' loan portfolio affects the amount of liquidity it creates, the impact of quantitative easing …

of a freeze, inducing firms to hoard even more liquid assets. Liquidity panics provide a new rationale for stricter … liquidity requirements, as this policy alleviates the informational frictions in the banking sector and paradoxically can end up …

We study the design of lender of last resort interventions and show that the provision of long-term liquidity …-term domestic government bonds that could be pledged to obtain central bank liquidity. This "collateral trade" effect is large, as …