Saeidinezhad, Elham; Hovhannisyan, Tatev - 2019
tools has been to provide liquidity to the banks. To account for the dynamic reality of the financial ecosystem, we propose …'s balance sheet to securities dealers to increases liquidity in the market. The second tool, "Elastic Legal Policy," suggests …, the elastic legal policy and dealer option help reduce debtors' defaults and liquidity risk during a financial crisis. …