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Liquidity safety nets for banks

Abstract:

Liquidity shocks are a core risk of the business model of commercial banks, which is founded on a liquidity mismatch between the banks' liabilities and assets. A substantial part of the banks' funding comes from short-term retail and wholesale funding, whilst a substantial part of the assets are long-term and illiquid loans. This is the source of the banks' profits, but also of their claim to fulfil an important social role. Having argued that leaving the solution to this problem to the banks...

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Publisher copy:
10.5235/14735970.13.2.287

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Institution:
University of Oxford
Department:
Oxford, SSD, Law, Law Faculty
Journal:
Journal of Corporate Law Studies
Volume:
13
Issue:
2
Pages:
287-318
Publication date:
2013
DOI:
EISSN:
1757-8426
ISSN:
1473-5970
URN:
uuid:97d11c76-5f5e-441c-969f-49f9f78b697d
Source identifiers:
479103
Local pid:
pubs:479103
Language:
English

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