The financial crisis has stopped the process of globalization, producing an opposite effect in various banking systems.The new trend is toward a reduction in cross-border activities of banks and an increased focus on domestic markets.

After the crisis, everyone is keenly aware of the importance of liquidity to the proper functioning of financial markets and the banking sector. However, the differences existing in regulation and supervision practices require a more detailed international regulatory framework to promote better...

The recent turmoil on financial markets has made evident the importance of efficient liquidity risk management for the stability of banks. The measurement and management of liquidity risk must take into account economic factors such as the impact area, the timeframe of the analysis, the origin...