A simple macroprudential liquidity buffer /:

A mechanism is proposed that aims to reduce the risk of a banking sector liquidity crisis--which is a quintessentially systemic event and thus the object of macroprudential policy--and moderate the effects of a crisis should one occur. The instrument would give banks more incentive to build up buffe...

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Hauptverfasser: Hardy, Daniel C. L. (VerfasserIn), Hochreiter, Philipp (VerfasserIn)
Format: Elektronisch E-Book
Sprache:English
Veröffentlicht: [Washington, D.C.] : International Monetary Fund, ©2014.
Schriftenreihe:IMF working paper ; WP/14/235.
Schlagworte:
Online-Zugang:Volltext
Zusammenfassung:A mechanism is proposed that aims to reduce the risk of a banking sector liquidity crisis--which is a quintessentially systemic event and thus the object of macroprudential policy--and moderate the effects of a crisis should one occur. The instrument would give banks more incentive to build up buffers of systemically liquid assets as a proportion of their total liabilities, yet these buffers would be usable in times of stress. The modalities of the instrument are considered with a view to making it effective, efficient, and robust.--Abstract.
Beschreibung:"December 2014."
"Monetary and Capital Markets Department."
Beschreibung:1 online resource (24 pages) : color illustrations
Bibliographie:Includes bibliographical references (pages 23-24).
ISBN:9781498359849
1498359841
1498305776
9781498305778
1498321658
9781498321655
1498389163
9781498389167
ISSN:1018-5941 ;

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