interbank markets. Money markets enable banks to engage in risk-sharing against liquidity shocks and are sensitive to global … liquidity shocks to EMs as compared to benchmark short-term bond yields. Next, we disentangle the transmission into its various … of macro-prudential policy like reserve requirements can help alleviate liquidity shocks to the EM banking system …

lending of a key element of QEP, the Bank of Japan's injections of liquidity into the interbank market. We identify a robust …, positive, and statistically significant effect of bank liquidity positions on lending, suggesting that the expansion of … small. First, the estimated response of lending to liquidity positions in our regressions is small. Second, much of the …

on financial markets and the wider economy. They can, for example, bias the private provision of real liquidity and …

This paper investigates the relationship between central bank (reverse) auctions and bill market liquidity. The …

rule moving from an explicit target in terms of a liquidity stress indicator. The implications of this approach on …

Global liquidity provisio ... …

When financial intermediaries’ key characteristic is provision of liquidity through their liabilities, with financial … frictions the financial sector in the aggregate is likely to over-accumulate equity, thus decreasing liquidity provision and … financial sector. This policy increases the likelihood that intermediaries provide more liquidity and improves the stability of …

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 …