struggling to escape liquidity quicksands and stubbornly low or negative growth and employment trends. At the center of the … monetary policy pivot point. Since November 2011, the ECB has taken on an arguably activist liquidity-provider role relative to … integration. In December 2011, the ECB made clear its intention to inject massive liquidity when faced with crises of scale in …

as financial depth and integration were also relevant. Finally, countercyclical monetary policy and liquidity played a …

whether it affects the amplitude of impulse responses to shocks to output, terms of trade, global liquidity, and global risk …

financial institutions to market participants. In particular, we analyze liquidity and volatility premia on the French …; in the other, which we dub the unconventional regime, monetary policy operations lead to volatility and liquidity premia …

financial stability. In the model, demand for liquidity takes the form of demand for money to make payments. We show that banks … can provide elastic aggregate liquidity by creating and lending out deposits, which will reduce the need for people to … sell assets and help maintain asset price stability. We also compare two types of liquidity provision mechanisms. The first …

Liquidity plays an important role in explaining how banks determine their allocation of funds. This paper analyses … liquidity in a manner similar to that used to study household need for liquidity, namely, by using a cash-in-advance type model … maintained hypothesis concerning the liquidity premium and default risk premium. This paper confirms the finding that monetary …

its currency and an exchange rate peg. This way, the central bank can implement the optimal escape from a liquidity trap … to escape from a liquidity trap. …

play a role in Turkey's monetary transmission mechanism. Specifically, bank liquidity is found to have a significant effect … sector, depending on its liquidity position. …