sensitivity of these strains to risk sentiment deterioration. Cross-border flows through banks for excess liquidity support … facilities leaves longer-term patterns of cross-border liquidity and capital flows broadly unchanged. While official sector … liquidity hoarding and “dash for cash” activity are expected to be lower with access to these facilities, initial evidence does …

This paper exploits a novel bank-level monthly dataset to assess the effects of global liquidity on the global flows of … supports a range of determinants of global liquidity - including global risk, global bank equity and unconventional monetary … indicates heterogeneity in the influence of global liquidity on global flows across euro area bank type, defined by their …

Global liquidity has become a key focus of international policy debates, yet the term continues to be used in a variety … clarify the concept of global liquidity, its measurement and policy implications. We argue that policy responses to global … liquidity call for a consistent framework that takes into account all phases of global liquidity cycles, countering both surges …