We study the joint evolution of foreign exchange (FX) spot and swap market liquidity. Trading in FX swaps exceeds that …-movement in spot and swap market liquidity conditions and a strong link between FX funding and market liquidity, as gleaned from … of spot, yet this market segment has been largely ignored in prior research on liquidity in FX markets. We find strong co …

When liquidity providers for one asset obtain information from other asset prices, this may magnify the (upward or … downward) comovement of asset liquidity. It also may yield an illiquidity multiplier. We empirically test the magnitude of this … find significant liquidity spillovers among REITs with geographically overlapping real estate holdings. Our findings …

liquidity. Interstate banking deregulation prompted lending by large, sophisticated, out-of-state banks, potentially altering … find that stock market liquidity increases following banking deregulation, especially for borrowers characterized by poorer …

There are competing arguments about the likely effects of Sovereign Bond-Backed Securitisation on the liquidity of … sovereign bond markets. By analysing hedging and diversification opportunities, this paper shows that positive liquidity …