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-prudential policies. -- Liquidity ; Contagion ; Bailouts ; Regulation … explains why liquidity cannot easily be apprehended through a single statistics, and asks whether liquidity should be regulated … containment. Finally, the paper takes a macroeconomic perspective, discusses shortages of aggregate liquidity and analyses how …
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submitted its report in 2013 and four of its members recorded dissenting notes. This paper examines the changes in regulation in …
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Credit risk models used in quantitative risk management treat credit risk analysis conceptually like a single person decision problem. From this perspective an exogenous source of risk drives the fundamental parameters of credit risk: probability of default, exposure at default and the recovery...
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