This supports the thesis that interactions between the two measures emerge only when common shocks to funding liquidity push banks to take analogous positions, so that forced asset sales lead to depressed asset prices and dire consequences for overall market liquidity.
From among the main productivity ‘levers’, it is usual to highlight the following four: 1. Employee skills; 2. Capital levels per worker; 3. The innovation ecosystem; and 1/5  BIS central bankers' speeches  4. The attractiveness of the business environment.