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Liquidity Regulation: Rationales, Benefits and Costs.
- Source :
- National Institute Economic Review; Feb2016, Vol. 235, pR18-R26, 9p
- Publication Year :
- 2016
-
Abstract
- This paper reviews the market failures that may justify the need for liquidity regulation, assesses whether liquidity regulation is a necessary complement to Lender of Last Resort (LOLR) policies, capital regulation and prompt corrective action, surveys the available evidence on the net benefits of liquidity regulation, and concludes by outlining research directions useful to improve bank regulation design. [ABSTRACT FROM AUTHOR]
- Subjects :
- LIQUIDITY (Economics)
MARKET failure
CAPITAL market
ECONOMIC policy
BANKING industry
Subjects
Details
- Language :
- English
- ISSN :
- 00279501
- Volume :
- 235
- Database :
- Complementary Index
- Journal :
- National Institute Economic Review
- Publication Type :
- Academic Journal
- Accession number :
- 112828999
- Full Text :
- https://doi.org/10.1177/002795011623500112