central banks are rarely discussed. And when they are, the haircuts applied to assets pledged to access central bank liquidity …

, allowing for the auctioning of Treasury bills to create the liquidity reflux necessary to refill the account. This paper …

some countries registered a decisive inflow of the central bank liquidity and others showed an outflow. The dynamics in the …

that a lending facility provides a bundle of two types of insurance: insurance against liquidity risk as well as insurance … liquidity constraints of agents on one hand, and increasing potential inflation risk and distorting the portfolio choices of … agents who actually need liquidity. Finally, for an unexpected drop in the haircut, the central bank can be more aggressive …

-LM curves introduced by Hicks to describe Keynes' general theory. IS-LM analysis is thus not incompatible with full market …, the economy enters a liquidity trap in which nominal GNP sinks and monetary policy is ineffectual …

Money provides liquidity services through a cash-in-advance constraint. The exchange of commodities and assets extends …

combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary …