Arbeitspapier
Benefits and costs of liquidity regulation
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.
- ISBN
-
978-92-899-3274-5
- Sprache
-
Englisch
- Erschienen in
-
Series: ECB Working Paper ; No. 2169
- Klassifikation
-
Wirtschaft
Financial Markets and the Macroeconomy
Central Banks and Their Policies
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
Financial Institutions and Services: Government Policy and Regulation
- Thema
-
Banking
Liquidity regulation
Capital requirements
Central bank
Lender-of-last-resort
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Hoerova, Marie
Mendicino, Caterina
Nikolov, Kalin
Schepens, Glenn
Van den Heuvel, Skander
- Ereignis
-
Veröffentlichung
- (wer)
-
European Central Bank (ECB)
- (wo)
-
Frankfurt a. M.
- (wann)
-
2018
- DOI
-
doi:10.2866/805891
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Hoerova, Marie
- Mendicino, Caterina
- Nikolov, Kalin
- Schepens, Glenn
- Van den Heuvel, Skander
- European Central Bank (ECB)
Entstanden
- 2018
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