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What are the two reasons liquidity risk arises?

What are the two reasons liquidity risk arises? How does liquidity risk arising from the liability side of the balance sheet differ from liquidity risk arising from the asset side of the balance sheet? What is meant by fire-sale prices?
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What are the two reasons liquidity risk arises? How does liquidity risk arising
from the liability side of the balance sheet differ from liquidity risk arising from
the asset side of the...

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