This paper attempts to quantify the benefits associated with operating a liquidity-saving mechanism (LSM) in Fedwire … per day. -- Liquidity-saving mechanisms ; real-time gross settlement ; large-value payment systems …

analyze a model federal funds market where uncertain liquidity flows transaction costs induce banks to delay trading bid up …

particular, we do not find that worse performing banks began hoarding liquidity and indiscriminately reducing their lending …. -- Fed funds ; financial crisis ; liquidity ; interbank lending ; hoarding …

in 2017, there was no commensurate shrinkage of these claims on liquidity. Consequently, the financial sector was left … more sensitive to potential liquidity shocks, with weaker-capitalized banks most exposed. This necessitated Fed liquidity … provision in September 2019 and again in March 2020. Liquidity-risk-exposed banks suffered the most drawdowns and the largest …

This paper illustrates that dealers in foreign exchange markets not only provide intraday liquidity, they are key … participants in the provision of overnight liquidity. Dealing institutions receive compensation for holding undesired inventory … interday liquidity to foreign rather than Canadian financial customers. Financial institutions operating in multiple price …

of liquidity into the banking system. The resulting increase in reserve balances exerted downward price pressure in the …