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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

Authors


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Institution:
University of Oxford
Division:
SSD
Department:
Law
Sub department:
Law Faculty
Role:
Author
Journal:
Journal of Corporate Law Studies More from this journal
Volume:
13
Issue:
2
Pages:
287-318
Publication date:
2013-01-01
DOI:
EISSN:
1757-8426
ISSN:
1473-5970
Language:
English
Pubs id:
pubs:479103
UUID:
uuid:97d11c76-5f5e-441c-969f-49f9f78b697d
Local pid:
pubs:479103
Source identifiers:
479103
Deposit date:
2014-09-15

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