This paper examines the pattern of excess liquidity in sub-Saharan Africa and its consequences for the effectiveness of … monetary policy. The paper argues that understanding the consequences of excess liquidity requires quantifying the extent to … which commercial bank holdings of excess liquidity exceed levels required for precautionary purposes. It proposes a …

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 …

the existence of the structural liquidity in the banking system; bank’s unwillingness to lock up liquidity in the NBP … also shows the effectiveness of the NBP’s responses to the financial crisis and structural liquidity surplus. …

requirements, borrow and deposit funds at a central bank. It shows that in the presence of fragmentation, excess liquidity arises …This paper shows how interbank market fragmentation disrupts monetary policy implementation. Fragmentation is defined … as the situation where some banks are cut from the interbank loan market. The paper incorporates fragmentation in an …

International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper … explores a framework to assess arrangements for market liquidity and lays out elements of systemic liquidity policy. Robust … arrangements for liquidity provide confidence to market participants that liquidity can be mobilized on demand in a predictable and …

quantifies the classic liquidity effect, but also uncovers a liquidity distribution effect on both sides of the market, and shows … liquidity effect. …

improvements in the liquidity management framework could make monetary stimuli more effective. …