| Description |
1 online resource (24 pages) : color illustrations |
| Series |
IMF working paper, 1018-5941 ; WP/14/235 |
|
IMF working paper ; WP/14/235.
|
| Contents |
Cover Page; Title Page; Copyright Page; Contents; Figures; Boxes; I. Introduction; 1. Recent Country Experiences with Macroprudential Liquidity Measures; 2. Other Proposals for Macroprudential Liquidity Regulation; II. Overview; III. Specification; A. Cyclical Adjustment of the Required Systemic Liquid Asset Ratio; 1. Cyclical Variation in the slar: an Illustration; 3. Alternative Cyclical Adjustment Rules; B. Eligible Systemically Liquid Assets; C. Capital; D. Measurement Base and Aggregate Liabilities; E. Cross-border Consistency and Spill-overs |
|
F. Systemically Important Financial InstitutionsG. Measurement and Holding Period; 4. The Macroprudential Liquidity Buffer and Reserve Requirements; H. Penalties; I. Publication; J. Calibration; IV. Concluding Remarks; References; Footnotes |
| Summary |
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 buffers of systemically liquid assets as a proportion of their total liabilities, yet these buffers would be usable in times of stress. The modalities of the instrument are considered with a view to making it effective, efficient, and robust.--Abstract |
| Notes |
"December 2014." |
|
"Monetary and Capital Markets Department." |
| Bibliography |
Includes bibliographical references (pages 23-24) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed December 30, 2014) |
| Subject |
Banks and banking -- Risk management
|
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Liquidity (Economics)
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Financial risk management.
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Crisis management.
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Crisis management
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Financial risk management
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Liquidity (Economics)
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| Form |
Electronic book
|
| Author |
Hochreiter, Philipp, author.
|
|
International Monetary Fund. Monetary and Capital Markets Department, issuing body.
|
| ISBN |
9781498359849 |
|
1498359841 |
|
1498305776 |
|
9781498305778 |
|
1498321658 |
|
9781498321655 |
|
1498389163 |
|
9781498389167 |
|
