Borio, Claudio E. V. - In: CESifo economic studies : CESifo, a joint initiative of … 56 (2010) 1, pp. 70-95
What are liquidity crises? And what can be done to address them? This short article brings together some personal … issues: the distinction between idiosyncratic and systematic elements of liquidity crises; the growing reliance on funding … liquidity in a market-based financial system; the role of payment and settlement systems; the need to improve liquidity buffers …
