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...

Descripció completa

Dades bibliogràfiques
Autor principal: Hardy, Daniel
Altres autors: Hochreiter, Philipp
Format: Revista
Idioma:English
Publicat: Washington, D.C. : International Monetary Fund, 2014.
Col·lecció:IMF Working Papers; Working Paper ; No. 2014/235
Accés en línia:Full text available on IMF