reduce complexity and enhance the transparency and legitimacy of the EU crisis management framework …

The purpose of this paper is to set up a clear definition of liquidity in equity markets and to develop a liquidity … factor to measure liquidity, including its formula. We claim that four necessary elements in sum are sufficient to define the … term liquidity. Its structure is determined by the relations between these elements. To specify our considerations, we will …

The Fed has responded to sharp drops in stock prices for two decades by pumping massive amounts of liquidity into the …

and that banks with liquidity concerns are attracted rather than those prone to risk-taking and moral hazard incentives …. We use an unexpected disclosure that introduced stigma at one of two similar LOLRs during the Great Depression to … evaluate whether banks used LOLR assistance to improve their liquidity needs using a novel trivariate model with recursive …

Liquidity backstops have important implications for financial stability. In this paper, we provide a microfoundation … for the important role of liquidity backstops in mitigating runs (or, conversely, the role of the lack of liquidity … financial crisis of 2007?09 provide a natural experiment to identify the value of a liquidity backstop in mitigating runs …