Market Liquidity after the Financial Crisis

Tobias Adrian, Michael Fleming and Or Shachar

No 20170628, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: The possible adverse effects of regulation on market liquidity in the post-crisis period continue to garner significant attention. In a recent paper, we update and unify much of our earlier work on the subject, following up on three series of earlier Liberty Street Economics posts in August 2015, October 2015, and February 2016. We find that dealer balance sheets have continued to stagnate and that various measures point to less abundant funding liquidity. Nonetheless, we do not find clear evidence of a widespread deterioration in market liquidity.

Keywords: dealers; market liquidity; crisis (search for similar items in EconPapers)
JEL-codes: G1 (search for similar items in EconPapers)
Date: 2017-06-28
New Economics Papers: this item is included in nep-mac
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Citations: View citations in EconPapers (26)

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Related works:
Journal Article: Market Liquidity After the Financial Crisis (2017)
Working Paper: Market Liquidity after the Financial Crisis (2017)
Working Paper: Market liquidity after the financial crisis (2016)
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