, they focus only on pure market risks without taking into account the market liquidity. As a consequence, they underestimate … the total risk. This paper focuses on the importance of market liquidity and describes ways to integrate it into the VaR …

system liquidity needs and to cover issued currency in circulation and bank´s reserves by net foreign assets. In empirical … liquidity management. In theoretical part the case of banking system liquidity surplus is analyzed focusing on creation of … liquidity through FX operations, sterilization of liquidity and main sources of liquidity absorption. In this context it is …

during 1918?1938. The state intervened in bank sanitation twice during economic recessions in the early 1920s and 1930s. The … the internal organization of banks, compelled personal responsibility on the part of bank management, protected creditors …