This paper examines market liquidity in the post-crisis era in light of concerns that regulatory changes might have … considering additional drivers of market liquidity. We document a stagnation of dealer balance sheets after the financial crisis … liquidity. …

liquidity, I examine the importance of sovereign debt liquidity in a New Keynesian environment with wage rigidities and … liquidity of government bonds has significant detrimental effects on output, employment and investment. A shut down of sovereign … policies taken in 2012 aimed at rising liquidity seem to have prevented a longer and deeper economic downturn …