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The Concept of Bank Liquidity and Its Risk

In: Bank Liquidity and the Global Financial Crisis

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  • Laura Chiaramonte

    (Università Cattolica del Sacro Cuore)

Abstract

Chiaramonte investigates the role of liquidity within the financial system. The chapter defines liquidity identifying three different types (central bank, funding and market liquidity) and their related risks. Focusing on the workings of the financial system and the role of central banks, the chapter reviews linkage between the three types of liquidity in normal and turbulent times. In light of the interdependence of financial and capital equilibrium, the chapter clarifies the relationship between liquidity and solvency, related but not interchangeable concepts. Finally, the author reviews bidirectional risk relationships, highlighting the circular pattern of cause and effect.

Suggested Citation

  • Laura Chiaramonte, 2018. "The Concept of Bank Liquidity and Its Risk," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Bank Liquidity and the Global Financial Crisis, chapter 0, pages 5-34, Palgrave Macmillan.
    • Handle: RePEc:pal:pmschp:978-3-319-94400-5_2
    DOI: 10.1007/978-3-319-94400-5_2
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