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...
|a A Simple Macroprudential Liquidity Buffer /
|c Daniel Hardy, Philipp Hochreiter.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2014.
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|a 1 online resource (24 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
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|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a 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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|a Mode of access: Internet
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|a Hochreiter, Philipp.
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|a IMF Working Papers; Working Paper ;
|v No. 2014/235
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2014/235/001.2014.issue-235-en.xml
|z IMF e-Library