provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … higher bidding rates. Dealers with less liquid collateral on their balance sheets before the facilities were introduced also … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …

The European Central Bank (ECB) increased the emergency liquidity assistance (ELA) for Greek banks from €50 billion in …

This paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a … terms of debt. We show that when equityholders have a large bargaining power, liquidity injections into distressed firms can …