Liquidity and solvency have been called the "heavenly twins" of banking (Goodhart, Charles, 'Liquidity Risk Management', Financial Stability Review -- Special Issue on Liquidity, Banque de France, No. 11, February, 2008). Since these "twins" interact in complex ways, it is difficult -- particularly at times of crisis--to distinguish between them, especially in the presence of information asymmetries (Information asymmetry occurs when one party has...
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INFORMACIÓN
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2009/11/01
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Documento de trabajo sobre investigaciones relativas a políticas
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WPS5139
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1
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1
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2010/07/01
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Disclosed
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The heavenly liquidity twin : the increasing importance of liquidity risk
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Finance & Private Sector Development