Will asset managers dash for cash? A summary of the implications for central banks https://www.bankofcanada.ca/?p=244863 Client-to-dealer flows (left scale) Total GBPP purchases (left scale) Average illiquidity based on Roll’s bid-ask proxy (right scale) -0.447.62 -1.6217.47 -6.6248.13 -12.053.0519.89 -6.2211.4012.54