Hoerova, Marie; Mendicino, Caterina; Nikolov, Kalin; … - 2018
This paper investigates the costs and benefits of liquidity regulation. We find that liquidity tools are beneficial but … current Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) rules would have reduced banks' reliance on … publicly provided liquidity during the global financial crisis without removing such assistance altogether. The paper also …