Toward a Framework for Systemic Liquidity Policy

International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper explores a framework to assess arrangements for market liquidity and lays out elements of systemic liquidity policy. Robust arrangements for liquidity provide confidence to market participants that liquidity can be mobilized on demand in a predictable and transparent manner. These are crucial to resilience and effective monetary operations. Arrangements include several prudential and institutional elements and national authorities have an important role in promoting their adoption. A survey of 14 countries and two in-depth studies of Mexico and Argentina are included for illustration.

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Year of publication:	2000-01-01
Authors:	Hobbs, J. Kimball ; Dziobek, Claudia Helene ; Marston, David
Institutions:	International Monetary Fund (IMF)
Subject:	Financial systems \| Liquidity \| liquidity management \| banking \| central bank \| foreign exchange \| reserve requirements \| deposit insurance \| government securities \| liquid asset \| banking system \| bank assets \| bank liquidity \| monetary fund \| banking sector \| liquidity policy \| money market \| bank instruments \| monetary policy \| monetary instruments \| liability management \| bank for international settlements \| bank liabilities \| bank management \| high reserve requirements \| bank creditors \| money markets \| bankers \| bank of england \| bank deposits \| banks liabilities \| banking sector liquidity \| bank accounts \| subordinated debt \| banks balance sheets \| monetary instrument \| deposit insurance scheme \| reserve requirement \| segmentation \| monetary management \| bank soundness \| money center banks \| bank depositors \| banks assets \| mortgage loan \| government securities market \| international monetary system \| monetary policy operating procedures \| banking environment \| bank branches \| bank vulnerability \| banking sectors \| bank portfolio \| demand deposit \| bank governors \| monetary policies \| bank regulations \| government securities markets \| monetary policy implementation \| foreign exchange market \| banking supervision \| bank owners \| banking relationships \| banking theory \| interbank market \| bank reports \| bank of japan \| bank runs \| income statement \| confidence in bank \| bank balance sheets \| monetary authorities \| banking networks \| bank loans \| banking practice \| bank intervention \| reserve asset \| bank risk \| bank managers \| bank behavior \| monetary system \| bank data \| bank money \| monetary arrangements \| banking law

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 00/34 4 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005604876