We differentiate the liquidity and the quality of private assets in a tractable incomplete-market model with … heterogeneous agents. The model decomposes the convenience yield of government bonds into a "liquidity premium" (flight to liquidity … fluctuations and bond premiums, the model reveals that a sharp reduction in the quality, instead of the liquidity, of private …

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 …

Global liquidity provisio ... …

Liquidity risk has received increased attention recently, especially in light of the 2007-2009 financial crisis, when … liquidity buffers made them quite susceptible to liquidity risk. To mitigate such risk, the Basel Committee on Banking … Supervision (BCBS) introduced an improved global capital framework and new global liquidity standards for banks in December 2010 …

Liquidity is a key consideration in financial markets, especially in times of financial crises. For this reason …, regulations aiming at ensuring funding liquidity or, in general, reducing certain risky positions have the side effect of reducing … market liquidity. To understand this effect, we extend a standard general equilibrium model with transaction costs of trading …

versus foreign lenders. Crisis shocks reduce the supply of crossborder liquidity, with stronger volume effects than pricing … liquidity, but without fostering strong cross-border financial reintegration. …