Further processing options
Benefits and costs of liquidity regulation
Saved in:
| Authors and Corporations: | , , , , |
|---|---|
| Title: | Benefits and costs of liquidity regulation/ Marie Hoerova, Caterina Mendicino, Kalin Nikolov, Glenn Schepens, Skander Van den Heuvel |
| Type of Resource: | E-Book |
| Language: | English |
| published: |
Frankfurt am Main, Germany
European Central Bank
[2018]
|
| Series: |
Europäische Zentralbank: Working paper series ; no 2169 (July 2018)
|
| Source: | Verbunddaten SWB Lizenzfreie Online-Ressourcen |
| Abstract: | 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. |
|---|---|
| Physical Description: | 1 Online-Ressource (circa 67 Seiten); Illustrationen |
| ISBN: |
9789289932745
9289932740 |
| DOI: | 10.2866/805891 |