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Benefits and costs of liquidity regulation

Gespeichert in:

Personen und Körperschaften: Hoerova, Marie (VerfasserIn), Mendicino, Caterina (VerfasserIn), Nikolov, Kalin (VerfasserIn), Schepens, Glenn (VerfasserIn), Heuvel, Skander van den (VerfasserIn)
Titel: Benefits and costs of liquidity regulation/ Marie Hoerova, Caterina Mendicino, Kalin Nikolov, Glenn Schepens, Skander Van den Heuvel
Format: E-Book
Sprache: Englisch
veröffentlicht:
Frankfurt am Main, Germany European Central Bank [2018]
Gesamtaufnahme: Europäische Zentralbank: Working paper series ; no 2169 (July 2018)
Quelle: Verbunddaten SWB
Lizenzfreie Online-Ressourcen
Details
Zusammenfassung: This paper investigates the costs and benefits of liquidity regulation. We find that liquidity tools are beneficial but cannot completely remove the need for Lender of Last Resort (LOLR) interventions by the central bank. Full compliance with current Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) rules would have reduced banks' reliance on publicly provided liquidity during the global financial crisis without removing such assistance altogether. The paper also investigates the output costs of introducing the LCR and NSFR using two macro-financial models. We find these costs to be modest.
Umfang: 1 Online-Ressource (circa 67 Seiten); Illustrationen
ISBN: 9789289932745
9289932740
DOI: 10.2866/805891