Liquidity, liquidity, liquidity
David Longworth, a deputy governor at the Bank of Canada, discussed three concepts of liquidity in a speech given in Toronto on Wednesday.
The three were:
macroeconomic liquidity, which takes into account factors such as interest rates, credit conditions, and the growth of monetary and credit aggregates; market liquidity, which looks at how easy, or difficult, it is to buy, or sell, an asset without changing its price; and balance sheet liquidity, which is measured by the short-term liquidOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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