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

suggests that the chief negative externalities are associated with credit losses and losses due to liquidity problems, and …

explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how … market value accounting and capital adequacy should react to asset prices. It concludes with a topical form of liquidity …