) there is a shortage of liquidity that a central bank addresses through the extension of credit, (iii) money is necessary to …

amount of excess liquidity in the euro area banking sector which is the prerequisite for the emergence of TARGET2 balances. …

We study how the subjective beliefs about loan repayment on the side of liquidity-constrained banks affect the central …

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 …

Central banks repo market operations and liquidity infusions occasion a structural liquidity mismatch in bank balance … sheets and increase the dependence on central bank liquidity. This paper argues for what I term “Circular Monetary Economics …”, an approach to monetary policy that seeks to green and prudentially insulate the design and implementation of liquidity …

credit limits are the pricing mechanisms for intraday liquidity provisioning and the credit risk arising from the loss …

. This interaction is not yet well understood. We focus on the newly introduced Liquidity Coverage Ratio (LCR) and how it … liquidity regulation may interfere with the central bank's implementation of monetary policy. We find that when the market … liquidity regulation …

When liquidity chasing banks is high, loan officers (or risk-takers) inside banks expect future losses to be readily … Banks should "lean against bank liquidity." In particular, Central Banks should adopt a contractionary monetary policy in … times of excessive bank liquidity …

financial crisis, in which liquidity shocks become more erratic and the total costs of defaults increase, central banks may want …