Price-based liquidity metrics are better in 2013-2014 for small trades and large high-yield bond trades, but not for … relative to 2010-2012. This evidence contrasts with the widely-held view among practitioners that liquidity has worsened …-crisis liquidity could be low when markets are stressed. We consider three stress events: extreme VIX increases, extreme bond yield …

policy. Concerning regulation, we find that the banking reform of the late 1990s had little effect on the housing boom and … introduction may increase financial inflows into risky sectors, their execution through a clearing-house or regulation via other …

disrupting the liquidity or stability of mortgage secondary markets. In the process, the programs have created a new financial … market for pricing and trading mortgage credit risk, which has grown in size and liquidity over time. The CRT programs …

determine asset liquidity. In our model, two asset suppliers try to profit from the liquidity services their assets confer …. Asset liquidity is indirect in the sense that assets can be sold for money in over-the-counter (OTC) secondary markets … liquidity of two assets. Asset demand curves can slope upward for evenmodest degrees of increasing returns in the matching …

explanatory power for yield spreads, controlling for liquidity, credit risk and other factors. The effect of fire-sale risk on …

prices and standard measures of financial liquidity, such as bid-ask spreads, trade volume, and the incentives of dealers to … monetary policy as well as the microstructure of the market where it is traded. These liquidity considerations imply a positive … anomalous. The theory also exhibits rational expectations equilibria with recurring belief driven events that resemble liquidity …

This paper examines transaction costs and liquidity in the index CDS market by matching intraday quotes to real … price level or 2.73% of CDS spread. Dodd-Frank does affect transaction costs and liquidity. Liquidity improves after the …

investors lack the basic tools for evaluating more complex structures and liquidity costs; this, in turn, leaves room for … addressed deals with the effectiveness of a risk based transparency regulation. -- illiquid financial instruments ; Otc markets …