run role of excess liquidity (that we estimate endogeneously) for inflation is taken into account. …

that both the sensitivity of returns to liquidity and liquidity premia have significantly declined over the past four … strategies virtually unprofitable. Our results are robust to several conventional liquidity measures related to volume. When … using liquidity measure that is not related to volume, we find just weak evidence of a liquidity premium even in the early …

supplying liquidity to asynchronously arriving investors. Empirically, twelve years of daily New York Stock Exchange …

We discuss the notion of liquidity and liquidity risk within the financial system. We distinguish between three … different liquidity types, central bank liquidity, funding and market liquidity and their relevant risks. In order to understand … the workings of financial system liquidity, as well as the role of the central bank, we bring together relevant literature …

credit risk transfer. The possibility of transferring credit reduces the impact of liquidity shocks on bank balance sheets …

finds that common shocks – key crisis events as well as changes to global liquidity and risk – have exerted a large effect …

conditions, i.e. the varying liquidity value ofeligible assets and the associated risk. This induces a liquiditypremium, which …