Liquidity and solvency have been called the "heavenly twins" of banking (Goodhart, Charles, 'Liquidity Risk Management', Financial Stability Review -- Special Issue on Liquidity, Banque de France, No. 11, February, 2008). Since these "twins" interact in complex ways, it is difficult -- particularly at times of crisis--to distinguish between them, especially in the presence of information asymmetries (Information asymmetry occurs when one party has...
Voir la suite
INFORMATION
-
2009/11/01
-
Document de travail de recherche sur les politiques
-
WPS5139
-
1
-
1
-
2010/07/01
-
Disclosed
-
The heavenly liquidity twin : the increasing importance of liquidity risk
-
Finance & Private Sector Development
TÉLÉCHARGER
RAPPORT COMPLET
Version officielle du document (peut inclure des signatures etc…)
-
Total Downloads** : 4428
*La version texte est une version à reconnaissance optique de caractères non-corrigée. Cette version est fournie uniquement pour accommoder les utilisateurs disposant de connections lentes.