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Liquidity and Risk Management Author info | Abstract | Publisher info | Download info | Related research | Statistics Holmstrom, Bengt
Tirole, Jean
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Firms and financial institutions are best viewed as ongoing entities, whose project completion may require renewed injections of liquidity. This paper proposes a contract-theoretic framework integrating three dimensions of corporate financing and prudential regulation: (a) liquidity management, (b) risk management, and (c) capital structure. It concludes with a preliminary assessment of recent regulatory approaches to the treatment of market risk.
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Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking .
Volume (Year): 32 (2000)
Issue (Month): 3 (August)
Pages: 295-319
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Handle: RePEc:mcb:jmoncb:v:32:y:2000:i:3:p:295-319Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879
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