We study regime shifts demand for pure liquidity. Building on a simplistic overlapping generations model with exchange … economy, we demonstrate that there exists different types of equilibrium regimes in which the demand for liquidity or rational …

This paper investigates the liquidity transmission of traditional and structural monetary policy instruments in the … credit channel of monetary policy differs across banks with heterogeneous liquidity acquisitions. The liquidity released by …

Is asset liquidity a source of price volatility? We answer this question within a continuous-time, New Monetarist … economy under extrinsic uncertainty and endogenous asset liquidity. We consider single or multiple assets, risk-free or risky … equilibria exist only if assets have a non-positive intrinsic value (e.g., fiat monies) or if their liquidity (acceptability …

We find that the acquisition of private information is associated with an improvement in market liquidity. An empirical …

This paper investigates increased liquidity provision by market makers resulting from their ability to reduce balance …-by-trade data from sovereign bond markets, we show that liquidity provision by CCP members decreased to a lesser extent following …