. We exploit this quasi{ natural experiment to investigate the impact this change had on liquidity and trading behavior …

. We exploit this quasinatural experiment to investigate the impact this change had on liquidity and trading behavior. Our …

Regulation of Money Market Funds (MMFs) in the EU requires some categories of MMFs to consider applying liquidity … management tools if they breach a minimum 'weekly' liquidity requirement. Anticipation of the application of such tools is a … liquidity thresholds explains differences in redemptions both at the start of the COVID-19 crisis and in the following months …

, flight-to-safety or liquidity premiums? Using data on German nominal bonds between 2005 and 2015, we study the differential … pricing and liquidity of short and long maturity bonds. We find statistically significant, but economically negligible … segmentation in yields and some degree of liquidity segmentation of short-term versus long-term bonds. These results have important …

What are liquidity crises? And what can be done to address them? This short article brings together some personal … issues: the distinction between idiosyncratic and systematic elements of liquidity crises; the growing reliance on funding … liquidity in a market-based financial system; the role of payment and settlement systems; the need to improve liquidity buffers …

Using a recent pilot program as an exogenous shock to hidden liquidity, we show that hidden liquidity has significant … other stock attributes. Spreads, depths, trading volume, and trade size increase with hidden liquidity. The extent of … informed trading and the price impact of a trade also increase with hidden liquidity. Traders use more inside-the-quote limit …

What are liquidity crises? And what can be done to address them? This short paper brings together some personal …: the distinction between idiosyncratic and systematic elements of liquidity crises; the growing reliance on funding … liquidity in a market-based financial system; the role of payment and settlement systems; the need to improve liquidity buffers …

In order to reconcile weak evidence of supply-side determinants of commonality in liquidity in previous studies, we … examine commonality in liquidity in China over the period 1995-2012. Consistent with supply-side explanations, we find that … market declines and market volatility increase liquidity commonality. To identify the direct relationship between the supply …