The book analyzes the nature and characteristics of ‘bank liquidity’ phenomenon in multidimensional terms, (i.e. from the point of view of central banks, markets and intermediaries), the causes, implications and consequences of liquidity crises in light of recent experience; the relationship between liquidity crises and bank insolvencies; the role of central banks in the regulation of the interbank market and to support the credit system; and the implications of liquidity risk management in banks. The work ends with an in-depth analysis of the new Liquidity Regulatory Framework of Basel III, the potential implementation strategies by banks and the consequences of regulation in terms of costs and benefits.
Bank Liquidity and the Global Financial Crisis. The Causes and Implications of Regulatory Reform.
Chiaramonte, Laura
2018-01-01
Abstract
The book analyzes the nature and characteristics of ‘bank liquidity’ phenomenon in multidimensional terms, (i.e. from the point of view of central banks, markets and intermediaries), the causes, implications and consequences of liquidity crises in light of recent experience; the relationship between liquidity crises and bank insolvencies; the role of central banks in the regulation of the interbank market and to support the credit system; and the implications of liquidity risk management in banks. The work ends with an in-depth analysis of the new Liquidity Regulatory Framework of Basel III, the potential implementation strategies by banks and the consequences of regulation in terms of costs and benefits.
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