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 buffers...
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| Formato: | Periódico |
| Idioma: | English |
| Publicado em: |
Washington, D.C. :
International Monetary Fund,
2014.
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| Colecção: | IMF Working Papers; Working Paper ;
No. 2014/235 |
| Acesso em linha: | Full text available on IMF |
| Resumo: | 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. |
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| Descrição do item: | <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required |
| Descrição Física: | 1 online resource (24 pages) |
| Formato: | Mode of access: Internet |
| ISSN: | 1018-5941 |
| Acesso: | Electronic access restricted to authorized BRAC University faculty, staff and students |