Liquidity risk is best hedged through diversification across time.

Insurance companies and pension funds, on the other hand, have limited capacity for credit risk, but more for market and liquidity risks.

Notwithstanding a dysfunctional Congress, the private sector will increasingly convert a paralyzing uncertainty premium, which impedes much investment, into a less disruptive risk premium.

But, while banks with short term funding and many branches originating loans have a deep capacity for holding credit risks, they have a limited capacity for holding market risks, and little capacity for holding liquidity risk.

Moreover, liquidity injections would be likely to have a greater impact on demand, because synchronization would reduce leakage across national boundaries.

Any risk premium that the Italian government might still have to pay would no longer go to foreigners, but to Italian savers, whose incomes would increase a net gain for the country.

Another downside risk is that the dollar funded carry trade may unravel, crashing the global asset bubble that it, together with the wave of monetary liquidity, has caused.

The Liquidity Puzzle

When the economy starts recovering, and banks start lending, will they be able to drain the liquidity smoothly out of the system? Will America face a bout of inflation?

The Liquidity Time Bomb

Is Liquidity Enough?

The list of issues on which the Bush administration has failed to lead is a long one, and failure to take steps to diminish the risks of future financial catastrophe cannot rank very high.

Confronting the Coming Liquidity Crisis

But the demand for emerging market assets is neither infinite nor perfectly substitutable for the assets of advanced economies even for given interest rate differentials because these assets have very different liquidity and credit risks.

The Perils of Backseat Negotiating

The Risks of Withdrawal

(d) Other advice including

The Fed should take care to prevent any breakdown of liquidity while keeping inflation under control and avoiding an unjustified taxpayer financed bailout of risky bank loans.

The Harm of Regulatory Disharmony

The Dangers of Deficit Reduction

Water Risk on the Rise

The Perils of Financial Historicism

The Perils of Palestinian Strategy

The Perils of Prophecy

ब तल ब द ज ख म

The Risks of Mislabeled Risk

The Safe Motherhood Programme.

An independent risk assessment was undertaken.

Preventing the risk of radiological terrorism

The IMF recently established the Short Term Liquidity Facility to help strong performing members facing temporary liquidity problems.

The Perils of Economic Consensus

There is no future free of risk.

Promotion of safe motherhood.

Call it information liquidity, akin to financial liquidity.

The Fed s Risk to Emerging Economies

There are serious risks.

This was not without risk.

But the risks of inertia seemed to be even higher.

If you believe that the crisis was caused by a shortage of liquidity, we had plenty of models analyzing liquidity shortages and their effects on financial institutions.

The point at which credit risk becomes exchange rate redenomination risk is ambiguous.

For China, leadership means assuming additional risks.

The United States faces risks as well.

Lifetime risk for obesity is approximately 50 .

Some genes increase risk of atrial fibrillation.

The information technology risk assessment is approaching completion.