interbank markets. Money markets enable banks to engage in risk-sharing against liquidity shocks and are sensitive to global … liquidity shocks to EMs as compared to benchmark short-term bond yields. Next, we disentangle the transmission into its various … of macro-prudential policy like reserve requirements can help alleviate liquidity shocks to the EM banking system …

We study how banks manage their liquidity among the various assets at their disposal. We exploit the introduction of … assets over time. Our results imply that frictions in one market for liquidity can spill over to several markets. …

theory, focusing on the unsecured overnight loans settled from 2003 to 2017. The network, where banks are the nodes and the …

reflect banks' funding liquidity, counterparty and market liquidity risk, all of which were seen as pivotal in driving … period (represented by falling market liquidity and asset prices) after which the results are presented as two policy … delay, the central bank introduces a policy of full allotment in which additional liquidity is injected with the aim of …

This note provides an example of how government and central bank policies that promote market liquidity (e … affected by liquidity policies, creating new channels for financial contagion in case the real sector is hit by negative shocks …

the innovations in the VIX index. Aggregate liquidity can be seen as the rate of change of the aggregate balance sheet of …

This conference presentation reports on results of an experiment that illustrates costs and benefits of liquidity …