liquidity requirements

Publication date: 3 Feb 2016 | Publication type: National Institute Economic Review | External authors: De Nicolò, G | JEL classification: G21, G28 | Journal: National Institute Economic Review Issue 235 | Publisher: Sage Publications, London
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...