01662cas a2200253 a 4500 AALejournalIMF011803 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502855 1018-5941 BD-DhAAL BD-DhAAL Singh, Manmohan. Money and Collateral / Manmohan Singh, Peter Stella. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Between 1980 and before the recent crisis, the ratio of financial market debt to liquid assets rose exponentially in the U.S. (and in other financial markets), reflecting in part the greater use of securitized assets to collateralize borrowing. The subsequent crisis has reduced the pool of assets considered acceptable as collateral, resulting in a liquidity shortage. When trying to address this, policy makers will need to consider concepts of liquidity besides the traditional metric of excess bank reserves and do more than merely substitute central bank money for collateral that currently remains highly liquid. Mode of access: Internet Stella, Peter. IMF Working Papers; Working Paper ; No. 2012/095 Full text available on IMF http://elibrary.imf.org/view/journals/001/2012/095/001.2012.issue-095-en.xml IMF e-Library