provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …

: the deterioration of bond market liquidity, the increased bond specialness on the repurchase agreement market, and the …

This paper examines the dynamic relationship between credit risk and liquidity in the sovereign bond market in the … context of the European Central Bank (ECB) interventions. Using a comprehensive set of liquidity measures obtained from a … risk, as measured by the Italian sovereign credit default swap (CDS) spread, generally drive the liquidity of the market: a …

: the deterioration of bond market liquidity, the increased bond specialness on the repurchase agreement market, and the …

This paper explores liquidity movements in stock and Treasury bond markets over a period of more than 1800 trading days …. Cross-market dynamics in liquidity are documented by estimating a vector autoregressive model for liquidity (that is, bid … in one market affects the spreads in both markets, and that return volatility is an important driver of liquidity …

aggressive use of both traditional monetary policy instruments and innovative tools in an effort to provide liquidity. In this … to be necessary. -- Crisis response ; Federal Reserve ; counterparty credit risk ; liquidity risk ; limits to arbitrage …