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 buffe...

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Bibliographic Details
Main Authors: Hardy, Daniel C. L. (Author), Hochreiter, Philipp (Author)
Format: eBook
Published: [Washington, D.C.] : International Monetary Fund, ©2014.
Series:IMF working paper ; WP/14/235.
Online Access:CONNECT