McNamara, Christian M.; Bennett, Rosalind; Metrick, Andrew - School of Management, Yale University - 2014
One of the Basel Committee on Banking Supervision’s responses to the global financial crisis of 2007-2009 was to introduce the Liquidity Coverage Ratio (LCR), a short-term measure that evaluates whether a bank has enough liquidity to meet expected cash outflows during a 30-day stress...