different monetary policy interventions. Overall, we find high excess liquidity being associated with lower private liquidity … liquidity risk across banks within this market varies substantially with the general market conditions. …

liquidity risks accumulated by this market maker affect his pricing of liquidity and the bid/ask spread he quotes on unsecured … borrowing and lending. We find that the larger the funding liquidity risk assumed by the market maker is, the higher the market … price for liquidity. Furthermore, his bid/ask spread and the sensitivity of his bid/ask spread to the maturity of the …

versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration. …

recourse to the LOLR facility (a) to derive banks’ willingness-to-pay for liquidity through a one-week repo and (b) to show … results suggest (i) that banks’ willingness-to-pay for liquidity indeed reflects refinancing conditions in the interbank …

accounting information has on the liquidity of its traded bonds. In particular, we focus on how this relationship depends on … aggregate liquidity and the financial state of the firm. We use an extensive panel data set comprising more than 40 … transparency on bond liquidity. This relationship becomes stronger during times of financial distress. We also find that the impact …

We analyze how the Lehman and sovereign crises affect cross-border interbank liquidity, exploiting euro … foreign lenders. Crisis shocks reduce the supply of cross-border liquidity, with stronger volume than pricing effects. On the … margin—riskier borrower banks suffer more. Moreover, the cross-border liquidity crunch is substantially stronger for term …

We study the role of liquidity management tools (LMTs) in mitigating financial fragility in investment funds during the …