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Central bank tools and liquidity shortages

Author

Listed:
  • Stephen G. Cecchetti
  • Piti Disyatat

Abstract

Bank for International Settlements researchers Stephen Cecchetti and Piti Disyatat consider the implications of recent financial developments for the ?lender-of-last-resort? function of central banks and whether traditional policymaking tools remain effective in the face of modern liquidity crises. Presented at \\"Central Bank Liquidity Tools and Perspectives on Regulatory Reform\\" a conference sponsored by the Federal Reserve Bank of New York, February 19-20, 2009.

Suggested Citation

  • Stephen G. Cecchetti & Piti Disyatat, 2010. "Central bank tools and liquidity shortages," Economic Policy Review, Federal Reserve Bank of New York, vol. 16(Aug), pages 29-42.
    • Handle: RePEc:fip:fednep:y:2010:i:aug:p:29-42:n:v.16no.1
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