habitat theory. We find that the effectiveness of these policies are similar to other studies in that the liquidity provided … several studies that point toward counter party risk, not lack of liquidity, as the problem in financial markets at the time …

We study how banks manage their liquidity among the various assets at their disposal. We exploit the introduction of … assets over time. Our results imply that frictions in one market for liquidity can spill over to several markets. …

. Speciftcally, we investigate whether loans that are pledgeable as collateral for central bank borrowing have lower liquidity premia …We study the effect of collateral eligibility of corporate loans on the pricing of these loans by banks in Finland … and thus lower interest rates. For identiftcation, we utilize two unanticipated changes in the collateral framework of the …