Prudential Liquidity Regulation And The Insurance Aspect Of Lender Of Last Resort
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Prudential Liquidity Regulation And The Insurance Aspect Of Lender Of Last Resort
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Author : Spyros Pagratis
language : en
Publisher:
Release Date : 2005
Prudential Liquidity Regulation And The Insurance Aspect Of Lender Of Last Resort written by Spyros Pagratis and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with categories.
This article considers prudential liquidity regulation as quid pro quo for emergency liquidity assistance by the central bank. In the presence of bank funding constraints, information-induced bank runs and an objective by the central bank to maintain a balanced budget under its lender of last resort (LOLR) facility, it is shown that prudential liquidity regulation is socially desirable if the banking sector is characterised by sufficient funding constraints, high profit opportunities and a relatively volatile deposit base. Otherwise, liquidity regulation is too costly from a welfare perspective, even after taking into account the social value of LOLR insurance.
Prudential Policy
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Author : Jean-Charles Rochet
language : en
Publisher:
Release Date : 2005
Prudential Policy written by Jean-Charles Rochet and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005 with Bank failures categories.
This paper studies the rationale behind prudential policies in the banking sector. The main components of these prudential policies are deposit insurance, solvency regulations and emergency liquidity assistance by the Central Bank, acting as a Lender of Last Resort. We discuss the institutional arrangements that are necessary to limit the frequency and extent of individual bank failures as well as those of systemic banking crises."September 2005"
The Rationale For Central Bank Liquidity Insurance And Liquidity Regulation
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Author : Ylva Søvik
language : en
Publisher:
Release Date : 2020
The Rationale For Central Bank Liquidity Insurance And Liquidity Regulation written by Ylva Søvik and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with categories.
One of the core functions of a central bank is to provide liquidity insurance, often termed the lender of last resort (LLR) function. During and after the Great Financial Crisis (GFC) in 2007-09 central banks' role as liquidity insurers evolved. In the aftermath of the crisis, regulation of liquidity risk in the financial sector has been tightened, and central bank policies are under evaluation. This survey gathers insights from the literature on how to design central bank liquidity insuring policies: What institutions to insure, how to price central bank facilities, what collateral to accept, the size of operations, the degree to which they should be on-going facilities or contingent, and the interaction of our liquidity policies with regulation. Some fundamental trade-offs are identified and discussed.
The Lender Of Last Resort Function After The Global Financial Crisis
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Author : Marc Dobler
language : en
Publisher: International Monetary Fund
Release Date : 2016-01-22
The Lender Of Last Resort Function After The Global Financial Crisis written by Marc Dobler and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-01-22 with Business & Economics categories.
The global financial crisis (GFC) has renewed interest in emergency liquidity support (sometimes referred to as “Lender of Last Resort”) provided by central banks to financial institutions and challenged the traditional way of conducting these operations. Despite a vast literature on the topic, central bank approaches and practices vary considerably. In this paper we focus on, for the most part, the provision of idiosyncratic support, approaching it from an operational perspective; highlighting different approaches adopted by central banks; and also identifying some of the issues that arose during the GFC.
The Lender Of Last Resort
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Author : Forrest Capie
language : en
Publisher: Psychology Press
Release Date : 2007
The Lender Of Last Resort written by Forrest Capie and has been published by Psychology Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
The capacity of national central banks to 'step in' and bail out an economy is one which has proved to be vitally important over the years. This collection from Wood and Capie brings together important literature for the first time in book form.
Prudential Supervision
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Author : Frederic S. Mishkin
language : en
Publisher: University of Chicago Press
Release Date : 2009-02-15
Prudential Supervision written by Frederic S. Mishkin and has been published by University of Chicago Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-02-15 with Business & Economics categories.
Since banking systems play a crucial role in maintaining the overall health of the economy, the adverse effects of poorly supervised systems may be quite severe. Without some form of vigilant external oversight, banking systems could fall prey to excessive risk taking, moral hazard, and corruption. Prudential supervision provides that oversight, using government regulation and monitoring to ensure the soundness of the banking system and, by extension, the economy at large. The contributors to this thoughtful volume examine the current state of prudential supervision, focusing on fundamental issues and key pragmatic concerns. Why is prudential supervision so important? What kinds of excess must it guard against? What particular forms does it take? Which of these are the most effective deterrents against mismanagement and system overload in today's rapidly shifting financial climate? The contributors foresee a continued movement beyond simple regulatory rules in banking and toward a more active evaluation and supervision of a bank's risk management practices.
International Convergence Of Capital Measurement And Capital Standards
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Author :
language : en
Publisher: Lulu.com
Release Date : 2004
International Convergence Of Capital Measurement And Capital Standards written by and has been published by Lulu.com this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004 with Bank capital categories.
The Changing Fortunes Of Central Banking
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Author : Philipp Hartmann
language : en
Publisher: Cambridge University Press
Release Date : 2018-03-29
The Changing Fortunes Of Central Banking written by Philipp Hartmann and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-03-29 with Business & Economics categories.
22.3.1 Basic Characteristics
Does Deposit Insurance Increase Banking System Stability
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Author : Asl? Demirgüç-Kunt
language : en
Publisher: World Bank Publications
Release Date : 1999
Does Deposit Insurance Increase Banking System Stability written by Asl? Demirgüç-Kunt and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with Asset Portfolio categories.
"Explicit deposit insurance tends to be detrimental to bank stability-- the more so where bank interest rates are deregulated and the institutional environment is weak"--Cover.
Key Aspects Of Macroprudential Policy Background Paper
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Author : International Monetary Fund. Fiscal Affairs Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2013-10-06
Key Aspects Of Macroprudential Policy Background Paper written by International Monetary Fund. Fiscal Affairs Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-10-06 with Business & Economics categories.
The countercyclical capital buffer (CCB) was proposed by the Basel committee to increase the resilience of the banking sector to negative shocks. The interactions between banking sector losses and the real economy highlight the importance of building a capital buffer in periods when systemic risks are rising. Basel III introduces a framework for a time-varying capital buffer on top of the minimum capital requirement and another time-invariant buffer (the conservation buffer). The CCB aims to make banks more resilient against imbalances in credit markets and thereby enhance medium-term prospects of the economy—in good times when system-wide risks are growing, the regulators could impose the CCB which would help the banks to withstand losses in bad times.