Unlike the government securities purchases of central banks, purchases of private securities can have disproportionate effects. These effects might create additional buying pressure on some securities, which could be the source of an additional premium. Therefore, we explore whether the ETF...

The collapse of the recent housing price bubble precipitated the 2007-2008 financial crisis and caused international funding liquidity to dry up. We investigate how economic policies undertaken by the Federal Reserve and U.S. Treasury around the crisis impacted global liquidity by examining the...