IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-39288-8_6.html
   My bibliography  Save this book chapter

Private Sector (Funding) Liquidity

In: Capital Wars

Author

Listed:
  • Michael J. Howell

    (CrossBorder Capital Ltd.)

Abstract

The gross measure of funding liquidity is distinguished from the net credit supply using the financial sector balance sheet. This embraces shadow banks as well as traditional high street banks. The growth of US and World shadow banking is enumerated. Cash-rich wholesale markets lie behind the recent rise of shadow banking, and these are being fed by CICPs (corporate and institutional cash pools) and explain the rise of the repo as a key financial instrument. The greater use of collateral and access to unregulated, offshore pools of money in the Eurodollar markets have reduced Central Bank control over liquidity creation, leading to a collapse in the traditional money multiplier. The alternative concept of the shadow money base is introduced.

Suggested Citation

  • Michael J. Howell, 2020. "Private Sector (Funding) Liquidity," Springer Books, in: Capital Wars, chapter 0, pages 75-99, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-39288-8_6
    DOI: 10.1007/978-3-030-39288-8_6
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-39288-8_6. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.