1.   In this case either there will be downward pressure on interest rates, or the authorities will have to take other measures to reduce this liquidity.

2.   Open-market operations should therefore be much more effective in reducing general liquidity than in reducing the monetary base.

3.   These instruments are sold to increase liquidity and bought by those who wish to reduce liquidity, in what is known as a secondary market.

4.   Buyers are temporarily too liquid and therefore wish to reduce liquidity by buying.

5.   He specifically cited the possibility of higher dealer costs, reduced market liquidity and raised barriers to technological innovation.

6.   Many of the shares are locked away in cross shareholdings with many companies owning shares in each other, however, which reduces liquidity.

7.   Securities-industry executives warn that the various rule changes and regulatory settlements have reduced Nasdaq liquidity, or ease of trading, and will continue to do so.

8.   The municipal bond industry had objected, complaining that traders would be subject to regulations that would slow trading and reduce market liquidity.