A Simple Macroprudential Liquidity Buffer
| Autor: | Philipp Hochreiter, Daniel C Hardy |
|---|---|
| Rok vydání: | 2014 |
| Předmět: |
Reserve requirement
Incentive Liability Systemic risk General Earth and Planetary Sciences Monetary economics Crisis management Business Banking sector Banking crisis Bank financing Liquidity Macroprudential policies and financial stability Macroprudential instruments bank funding liabilities financial crises instrument liability Government Policy and Regulation Liquidity risk USable General Environmental Science Market liquidity |
| Popis: | 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. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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