Liquidity is a term with distinct but related meanings depending on the context. Traders, treasurers and central bankers use the term ’liquidity’, but mean different things.1 Because of this, it is necessary to de- and refine what we understand by liquidity. The literature distinguishes three liquidity concepts:2
KeywordsCentral Bank Commercial Bank Market Maker Market Liquidity Default Reason
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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