We developed a novel Systemwide Liquidity (SWL) framework to identify liquidity stress in the system that goes beyond … banks and to assess the role played by non-bank financial institutions (NBFIs) in episodes of liquidity stress. The … framework, which complements standard liquidity and interconnectedness analyses, traces the flow of liquidity among various …

This paper constructs new indicators of liquidity for equity, bond and money markets in major advanced and emerging … evidence of an historical increase in market liquidity since the early 1990s, in part as a result of advances in international … financial integration, but markets have been increasingly exposed to global systemic liquidity shocks. Second, liq …

and long term; market (coordination) failure triggers a liquidity run and inefficient default; and the IMF lends … unconditionally under a preferred creditor status. The model shows that IMF financial support can help prevent a liquidity crisis …

. The tendency to underprice systemic liquidity risk and currency-induced credit risk creates vulnerabilities that need … liquidity and solvency risks. The paper also shows that most dollarized countries have addressed their liquidity vulnerabilities …

We examine the linkages between market and funding liquidity pressures, as well as their interaction with solvency … order to test for the transmission of liquidity shocks across U.S. financial markets. It is found that the interaction …

The paper analyzes the U.A.E.'s liquidity management framework in the context of the 2008 global financial crisis and … the measures taken by the Central Bank of the U.A.E. to ease liquidity pressures in the second half of 2008. Drawing also … available to banks additional instruments to manage their liquidity as well as to strengthen the monitoring of a more …