the international allocation of economic activity. Private assets’ liquidity properties - their usefulness as collateral … entry, production, aggregate productivity, and total market capitalization. In a closed economy, the liquidity market …, cross-country differences in financial development|as measured by the degree of liquidity of a country’s assets - generate …

SCF program pools liquidity from suppliers and meanwhile provides immediate payment to suppliers with pressing liquidity … with negative profitability who, however, contribute to the liquidity pool. Inserting the model to an otherwise standard … monetary framework, we show that with higher nominal interest rates, the SCF program emphasizes the liquidity contribution more …

We revisit and extend the study by Chordia et al. (2014) which documents that, in recent years, increased liquidity has … characterised by positive trends in liquidity, there is no persuasive time-series and cross-sectional evidence for a negative link … between anomalies in market returns and liquidity. Thus, this proxy of arbitrage activity does not appear to be a key factor …

booms? We present a model of persistent aggregate demand shortage based on strong liquidity preferences of households, in … which we incorporate financial imperfections to study the interactions between debt, liquidity and asset prices. We show …