Journal Article
Central bank tools and liquidity shortages
Abstract: Bank for International Settlements researchers Stephen Cecchetti and Piti Disyatat consider the implications of recent financial developments for the ?lender-of-last-resort? function of central banks and whether traditional policymaking tools remain effective in the face of modern liquidity crises. Presented at \\"Central Bank Liquidity Tools and Perspectives on Regulatory Reform\\" a conference sponsored by the Federal Reserve Bank of New York, February 19-20, 2009.
Keywords: Bank liquidity; Systemic risk; Financial crises; Liquidity (Economics); Banks and banking, Central; Bank reserves;
Access Documents
File(s): File format is application/pdf https://www.newyorkfed.org/medialibrary/media/research/epr/10v16n1/1008cecc.pdf
Authors
Bibliographic Information
Provider: Federal Reserve Bank of New York
Part of Series: Economic Policy Review
Publication Date: 2010
Volume: 16
Issue: Aug
Pages: 29-42