How should bank liquidity be regulated?

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Title: How should bank liquidity be regulated?
Authors: Allen, HF
Gale, D
Item Type: Chapter
Abstract: One reason why the 2007–2009 financial crisis was so severe and had a global impact was massive illiquidity in many markets, particularly interbank markets. This combined with an extreme exposure of many financial institutions to liquidity needs meant investors ran on a variety of financial institutions, particularly in wholesale markets. Financial institutions and non-financial firms started to sell assets at fire-sale prices to raise cash, and central banks injected huge amounts of liquidity into financial systems… Read More:
Issue Date: 17-Nov-2017
ISBN: 978-981-3223-39-4
Start Page: 135
End Page: 157
Journal / Book Title: Achieving Financial Stability: Challenges to Prudential Regulation
Volume: 61
Copyright Statement: © 2017 World Scientific Publishing. This is a draft chapter / article. The final version is available in Achieving Financial Stability: Challenges to Prudential Regulation edited by Douglas D. Evanoff et al., published in 2017, Edward Elgar Publishing Ltd
Article Number: 11
Appears in Collections:Imperial College Business School

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