Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/246141 
Autor:innen: 
Erscheinungsjahr: 
2020
Schriftenreihe/Nr.: 
Staff Memo No. 3/2020
Verlag: 
Norges Bank, Oslo
Zusammenfassung: 
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.
Schlagwörter: 
Liquidity insurance
Lender of last resort
financial crisis
liquidity regulation
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-82-8379-142-6
Creative-Commons-Lizenz: 
cc-by-nc-nd Logo
Dokumentart: 
Research Report
Erscheint in der Sammlung:

Datei(en):
Datei
Größe
589.4 kB





Publikationen in EconStor sind urheberrechtlich geschützt.