We study liquidity conditions in the corporate bond market during the COVID-19 pandemic, and the effects of the … unprecedented interventions by the Federal Reserve. We find that, at the height of the crisis, liquidity conditions deteriorated … “lean against the wind” and bid-ask spreads declined. To study the causal impact of the interventions on market liquidity …

We study liquidity conditions in the corporate bond market during the COVID-19 pandemic, and the effects of the … unprecedented interventions by the Federal Reserve. We find that, at the height of the crisis, liquidity conditions deteriorated … "lean against the wind" and bid-ask spreads declined. To study the causal impact of the interventions on market liquidity …

On November 14-15, 2008, the Federal Reserve Bank of Cleveland hosted a conference on “Liquidity in Frictional Asset …

"We study the reaction of financial markets to aggregate liquidity shocks when traders face cognition limits. While …

"We study the dynamics of liquidity provision by dealers during an asset market crash, described as a temporary …, persistence) under which dealers provide liquidity to investors following the crash. We also characterize the conditions under … which dealers' incentives to provide liquidity are consistent with market efficiency"--Federal Reserve Bank of Cleveland web …