spending on several indicators of liquidity, volatility, credit and economic activity. Data from the 2003-2011 period in the … decrease in volatility and increase in liquidity on North American stock markets, the shocks were mainly domestic and … ineffective at generating liquidity in the banking sector. In contrast, government spending shocks had a positive impact on credit …

It has been argued in the literature that emergency liquidity injections should be conducted preferably in the form of … open market operations. As we show in the present paper, this is not necessarily the case when liquidity may be …, targeted liquidity assistance may become strictly superior. The analysis might have a bearing on recent developments in the …

contractual links. The first is the market price channel, in which scarce funding liquidity and low market liquidity reinforce … case of illiquidity spirals, firms do not internalise the negative externality of holding low levels of funding liquidity … contagion - namely macroprudential liquidity regulation; restrictions on margins and haircuts; and information disclosure. …

liquidity, especially for stocks with small market capitalization,high volatility and no listed options; (ii) slowed down price …

liquidity, especially for stocks with small market capitalization,high volatility and no listed options; (ii) slowed down price …

well as, regulatory implications for a Lender of Last Resort in various liquidity scenarios …

innovative financial instruments has not brought about adequate disclosure and transparency. After critically reviewing the … virtues and pitfalls of financial innovation, this paper offers an analysis of the main transparency initiatives undertaken in …

liquidity spiral that has characterized the current crisis, central banks have tried to strike a balance between the importance … of the continued availability of market liquidity as a public good and the moral hazard that any market intervention may …

. Instead, our results are in line with the hypothesis that a lower trading volume reduces liquidity, and thereby market quality …