provide more secured loans to replace unsecured lending, which is not consistent with speculative or precautionary liquidity …

financial stability. This paper extends the existing research by zooming in on the specific topic of liquidity provision to … banks in resolution. It examines the provision of liquidity in the United States, the United Kingdom, Japan, Canada and the … liquidity provision and the roles of the public budget and the central bank. The comparison also reveals that the role of fiscal …

Commission and the Federal Reserve. We conclude that the conventional view concerning the societal benefits of liquidity …

providing liquidity to the financial markets. This paper examines the types of tools at the disposal of the Federal Reserve … current situation in the financial markets is not one due to a dearth of liquidity, but to a lack of market depth. This has …

' long-term leverage choices and an "interim" inefficiency because it distorts agents' short-term liquidity management. I …

provided liquidity against a range of assets during 2008-09. Dealers with lower equity returns and greater leverage prior to … liquidity in explaining dealer behavior. The results suggest that both financial performance and balance sheet liquidity play a …

policy and therefore ultimately the real economy. In particular, it facilitates banks' liquidity management. This paper aims … at extending the literature which views interbank markets as mutual liquidity insurance mechanism by taking into account … persistence of liquidity shocks. Following a theory of long-term interbank funding a financial system which is modeled as a micro …

This paper develops a debt-run model to study the effects of liquidity injections on debt markets in the presence of a … terms of debt. We show that when equityholders have a large bargaining power, liquidity injections into distressed firms can …