Money-Markets-Liquidity

SANG RAE KIM

This paper studies when a bank is more effective as a supplier of privately produced money-like safe assets (repo, commercial paper), finding that a bank produces safer, more liquid assets when (1) …

Daniel Barth · R. Jay Kahn

The U.S. Treasury market is the deepest and most liquid fixed-income market in the world, yet in March 2020 it experienced unprecedented dysfunction—widening bid-ask spreads, skyrocketing repo rates, …

Rodney J. Garratt · Zhentong Lu · Phoebe Tian

This paper uses detailed transaction-level data from Canada’s new high-value payment system (HVPS) to show how participants save liquidity by strategically exploiting the gridlock resolution …

Marianna Blix Grimaldi · Alberto Crosta · Dong Zhang

This paper uses transaction-level bond data under MiFID I and II to measure five dimensions of Swedish government bond market liquidity during the Riksbank’s QE program (2015–2020) and …