This study documents that asset purchase programs can dampen market liquidity. It uses a unique dataset of global euro … bank purchases amplifies liquidity for several weeks, liquidity declines after half a year. The drop relates to the central … bank's bond inventory. It is partly mitigated by a reduction in buying, but liquidity does not fully recover. The …

This paper analyzes the drivers of bond market liquidity. The use of a unique data set of global covered bonds allows …, and seasonality. Liquidity is elevated around the issue dates of paper from the same issuer or the same country. Liquidity … investors with a higher propensity to trading in secondary markets. While liquidity is higher at the start of the year and …

We present findings on the secondary market liquidity of government and covered bonds in Denmark before, during and … markets but the government bond market experienced a brief but pronounced decline in market liquidity while liquidity in the … autumn of 2008. After the crisis, liquidity in the government bond market quickly rebounded and government bonds again became …

We present findings on the secondary market liquidity of government and covered bonds in Denmark before, during and … markets but the government bond market experienced a brief but pronounced decline in market liquidity while liquidity in the … autumn of 2008. After the crisis, liquidity in the government bond market quickly rebounded and government bonds again became …