Wirtschaftswissenschaftler aus Rußland, Kasachstan, Großbritannien und Deutschland Aufsätze zu dem Thema "Die Schuldenkrise in Rußland und …

distorted the choices of financial intermediaries ex-ante (inducing them to rely too much and too quickly on liquidity for …

. Banks are the financial institutions responsible for providing liquidity to the economy. This responsibility is, however … aggregate liquidity. Confidence inthe financial sector is a public good that must be ensured by the government. Who should be in …

Central banks (CBs) in Europe and the US have been providing virtually unlimited amounts of liquidity to banks for … justified? I present a model in which a commercial bank, subject to idiosyncratic liquidity shocks, faces uncertainty about … chooses higher liquidity reserves in equilibrium. Furthermore, increasing bank capital and penalty rates make it easier to …