characterized by higher uncertainty and geopolitical risk, tighter credit and liquidity conditions, and sluggish economic and real …

currency hierarchy is organized by the different degrees of liquidity premia currencies offer, in the financial hierarchy, not … currencies, but financial assets are placed according to the nominal yield. While FMEs' currencies have a lower liquidity premium …

allows banks in different regions to smooth local liquidity shocks by borrowing and lending on a world interbank market. We … second-best world, financial integration can increase the welfare benefits of liquidity requirements … show under which conditions financial integration induces banks to reduce their liquidity holdings and to shift their …