Cash outflows in crisis scenarios
The large majority of the more than € 2.5 trillion of public and monetary support that euro area banks received between 2008 and 2016 was liquidity support. Liquidity has nevertheless been inadequately addressed in the legislative overhaul following the global financial crisis. This paper focuses on liquidity in resolution, the moment when the need for liquidity is most acute. Based on an assessment of the liquidity needs as well as the role and size of the central bank facilities and Single Resolution Fund, it draws the conclusion that a back-stop for the resolution fund, prompter corrective action and better information exchange between the authorities involved appear to be required in order to improve the functioning of the resolution mechanism.
Analiză aprofundată
Autor extern
W.P.de Groen, CEPS
Despre acest document
Tipul publicației
Cuvânt-cheie
- AFACERI ŞI CONCURENŢĂ
- bancă
- buget
- COMERŢ
- comerţ internaţional
- control financiar
- criză monetară
- economie monetară
- FINANŢE
- fond comun
- GEOGRAFIE
- geografie economică
- gestionarea riscurilor
- instituţii financiare şi de credit
- instituții de credit
- libera circulaţie a capitalului
- lichiditate monetară
- management
- POLITICĂ
- politică de reglementare
- putere executivă şi administraţie publică
- relaţii monetare
- stabilitate financiară
- supervizarea activității bancare
- zonă euro
- țări ale UE