The past two decades have seen the construction of a tiered system of international liquidity provision, the first tier …

One of the core functions of a central bank is to provide liquidity insurance, often termed the lender of last resort … (LLR) function. During and after the Great Financial Crisis (GFC) in 2007-09 central banks' role as liquidity insurers … evolved. In the aftermath of the crisis, regulation of liquidity risk in the financial sector has been tightened, and central …

During the 2007-09 financial crisis, there were severe reductions in the liquidity of financial markets, runs on the … Reserve, in its role as lender of last resort (LOLR), injected extraordinary amounts of liquidity. In the aftermath, lawmakers … introduction of liquidity regulations. These changes were motivated in part by the argument that central bank lending entails …

provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …