In this study, we investigate the correlation between corruption risk and the level of education in European sub … educational attainment is associated with lower corruption risk and a higher level of control of corruption, indicating that … better-educated locals may force authorities to limit corruption risk as they have less tolerance for corrupt behavior. In …

sovereigns manifested in a liquidity shock to their international funding through two channels: (i) a contraction in cross … debt crisis on the supply of private sector credit is assessed. Controlling for banks' risk factors and credit demand, the … households, is documented for euro area banks affected by the international liquidity shock and that drew on ECB liquidity under …

Global liquidity provision is highly procyclical. The recent financial crisis has resulted in a flight to safety, with … meet the liquidity needs of dysfunctional financial markets. As the eligibility criteria for central bank borrowing have … bank has the ability to create abundant official liquidity, there should be some limits to its support for the financial …

Global liquidity provisio ... …