Luís Máximo dos Santos, “A estreia do euro”, in A União Europeia e Portugal: a atualidade e o futuro,  Almedina, 2005, p. 96. 4/4  BIS central bankers' speeches
*  *  *  Recent events and commentary raise concerns about a possible deterioration in liquidity at times of market stress, particularly in fixed income markets. 1 These concerns are highlighted by several episodes of unusually large intraday price movements that are difficult to ascribe to any particular news event, which suggest a deterioration in the resilience of market liquidity.