Hobbs, J. Kimball; Dziobek, Claudia Helene; Marston, David - International Monetary Fund (IMF) - 2000
International policy efforts to strengthen financial systems have highlighted the role of liquidity. This paper … explores a framework to assess arrangements for market liquidity and lays out elements of systemic liquidity policy. Robust … arrangements for liquidity provide confidence to market participants that liquidity can be mobilized on demand in a predictable and …