as monthly risk factor timing. Moreover, timing of liquidity risk is explored as evidence on this issue is still missing … daily factor information or form false expectations about risk factor performance. Evidence on liquidity timing, whose …

This paper examines the relationship between liquidity and quality of financial information by analyzing long …. Overall, my results indicate a positive relationship between quality of financial information and liquidity …

Liquidity occupies a central importance for many areas of finance. But there are very disparate views of liquidity, and … correspondingly many different policy implications attached to these views. In this paper, I consider the many faces of liquidity and … their implications for financial market stability. In particular, I focus on the traditional economics view of liquidity as …

It has been argued in the literature that emergency liquidity injections should be conducted preferably in the form of … open market operations. As we show in the present paper, this is not necessarily the case when liquidity may be …, targeted liquidity assistance may become strictly superior. The analysis might have a bearing on recent developments in the …

This paper analyses the relationship between the prevailing liquidity conditions (such as measures of money, credit and … sustained excess liquidity, we analyse under which conditions they are more likely to be followed by an asset price boom. The … periods of sustained excess liquidity that are accompanied by strong economic activity, low interest rates, high real credit …

correspondent bank. Settling payments directly on the system imposes liquidity costs which depend on the maximum liquidity overdraft … recoup liquidity costs and to extract a profit. We specify a protocol whereby one bank in each period can revisit its choice …-correspondent network. We simulate this protocol, observing the emergence of different network structures. The liquidity pricing regime …