Liquidity has its systemic aspect that is frequently neglected in research and risk management applications. We build a … model that focuses on systemic aspects of liquidity and its links with solvency conditions accounting for pertinent …

finds that common shocks - key crisis events as well as changes to global liquidity and risk - have exerted a large effect … particular for emerging markets. - Capital flows ; factor model ; common shocks ; liquidity ; risk ; push factors ; pull factors …

’ funding structures jointly with that in their excess liquidity holdings. We find evidence that banks highly exposed to the …, importantly, the explicit consideration of the role of excess liquidity in our analysis. …

mechanism and the liquidity channel. …

March 2020 to examine two channels through which liquidity buffers can reduce procyclicality in the investment fund sector …. First, we find that liquidity buffers reduced outflows during March 2020 only to a limited extent. Second, we find that … funds entering the crisis with higher liquidity buffers were less likely to involve in cash hoarding and more likely to use …

We study how banks manage their liquidity among the various assets at their disposal. We exploit the introduction of … assets over time. Our results imply that frictions in one market for liquidity can spill over to several markets. …