Market liquidity and funding liquidity are inherently connected, and related liquidity spirals can entail systemic risk.

A special feature explores how the two types of liquidity interact in the euro area https://www.ecb.europa.eu/pub/financial-stability/fsr/special/html/ecb.fsrart202305_01~830184261b.en.html

🐦🔗: https://n.respublicae.eu/ecb/status/1663460780631531520