Liquidity Ratios as Monetary Policy Tools : Some Historical Lessons for Macroprudential Policy /

This paper explores what history can tell us about the interactions between macroprudential and monetary policy. Based on numerous historical documents, we show that liquidity ratios similar to the Liquidity Coverage Ratio (LCR) were commonly used as monetary policy tools by central banks between th...

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Detalles Bibliográficos
Autor Principal: Monnet, Eric
Outros autores: Vari, Miklos
Formato: Revista
Idioma:English
Publicado: Washington, D.C. : International Monetary Fund, 2019.
Series:IMF Working Papers; Working Paper ; No. 2019/176
Acceso en liña:Full text available on IMF