This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to … which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …

This paper develops a model that focuses on the interaction of liquidity creation by financial intermediaries with …

We developed a novel Systemwide Liquidity (SWL) framework to identify liquidity stress in the system that goes beyond … banks and to assess the role played by non-bank financial institutions (NBFIs) in episodes of liquidity stress. The … framework, which complements standard liquidity and interconnectedness analyses, traces the flow of liquidity among various …

The challenges of Botswana's highly interconnected financial system requires an effective systemic liquidity management …

to meet funds' liquidity needs to cover variation margin calls on derivatives under a range of stress scenarios. The … sufficient liquidity buffers to meet the calls under adverse market shocks. As a result, they are likely to redeem money market … policies for nonbanks, particularly regarding liquidity risk in funds …

Central bank liquidity lines have gained momentum since the global financial crisis as a crosscurrency liquidity … management tool. We provide a complete timeline of the ECB liquidity line announcements and study their signalling and spillback … effects. The announcement of an ECB euro liquidity line decreases the premium paid by foreign agents to borrow euros in FX …