This paper presents a dynamic model of a bank's optimal choices of imposing a binding liquidity-coverage-ratio (LCR) constraint. Our baseline balance-sheet dynamics starts with portfolio separation and no LCR constraint. Under a scenario in which regulators prohibit banks from applying...

Introduction to the global economy -- Understanding the global economy -- Comparative advantage : how nations can gain from international trade -- Unit two: International trade : enduring issues -- Sources of comparative advantage -- Regulating international trade : trade policies and their...