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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Detalhes bibliográficos
Autor principal: Hardy, Daniel
Outros Autores: Hochreiter, Philipp
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2014.
coleção:IMF Working Papers; Working Paper ; No. 2014/235
Acesso em linha:Full text available on IMF