sensitivity of these strains to risk sentiment deterioration. Cross-border flows through banks for excess liquidity support … facilities leaves longer-term patterns of cross-border liquidity and capital flows broadly unchanged. While official sector … liquidity hoarding and “dash for cash” activity are expected to be lower with access to these facilities, initial evidence does …

against liquidity shocks, which temporarily shut out the economy of short-term credit markets. Due to the presence of a …

stabilizing role in financial markets by supplying liquidity and reducing market volatility. While characteristics such as a lack …