A technically convenient signature of localization, exhibited by discrete o
perators with random potentials, is exponential decay of the fractional mom
ents of the Green function within the appropriate energy ranges. Known impl
ications include: spectral localization, absence of level repulsion, strong
form of dynamical localization, and a related condition which plays a sign
ificant role in the quantization of the Hall conductance in two-dimensional
Fermi gases. We present a family of finite-volume criteria which, under so
me mild restrictions on the distribution of the potential, cover the regime
where the fractional moment decay condition holds. The constructive criter
ia permit to establish this condition at spectral band edges, provided ther
e are sufficient "Lifshitz tail estimates" on the density of states. They a
re also used here to conclude that the fractional moment condition, and thu
s the other manifestations of localization, are valid throughout the regime
covered by the "multiscale analysis". In the converse direction, the analy
sis rules out fast power-law decay of the Green functions at mobility edges
.