Narrow Your Choices

Refine By Countries

Refine By Topic

Refine By Series

Refine By Language

Refine By Date

—

Refine By IMF Taxonomy

Refine By JEL Taxonomy

Refine by LOC Taxonomy

Refine By THEMA Taxonomy

  • Print
  • Save

Browse

You are looking at 1 - 1 of 1 items for :

  • Type: Journal Issue x
  • Business Fluctuations; Cycles x
  • Financial Risk Management x
  • Portfolio Choice; Investment Decisions x
  • Croatia, Republic of x
  • Monetary policy x
  • Financial crises x
  • Economic & financial crises & disasters x
Clear All Modify Search
Cover IMF Working Papers
A Simple Macroprudential Liquidity Buffer
Mr. Daniel C Hardy and Philipp Hochreiter
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.
Keywords:
WP; bank; LMC; MPLB requirement; Macroprudential instruments; liquidity; bank funding; systemic risk; liquidity shock; liquidity characteristic; liquidity spiral; liquidity ring fencing; liquidity condition; liquidity outflow; liquidity property; liquidity strain; through-the-cycle MPLB level; MPLB balance; liquidity mis-match; Liquidity requirements; Liquidity risk; Reserve requirements; Global