Financial market liquidity can be fleeting. The ability to trade in assets of any size, at any time and to find a ready buyer is not a given. By José Viñals As discussed in some detail last fall in this blog, a number of factors, including the evolving structure of financial markets and some regulations appear to … Continue reading
Investment in the euro area, and particularly private investment, has not recovered since the onset of the global financial crisis. By Bergljot Bjørnson Barkbu, S. Pelin Berkmen, and Hanni Schölermann In fact, the decline in investment has been much more drastic than in other financial crises; and is more in line with the most severe of these crises … Continue reading