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Liquidity and Capital: Substitutes or Complements?

In: Achieving Financial Stability Challenges to Prudential Regulation

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  • Marie Hoerova

Abstract

The 2007–2009 global financial crisis provided a vivid illustration of how materialization of liquidity risk in some parts of the financial system can lead to liquidity dry-ups in entire market segments (for example, unsecured interbank markets), causing a system-wide scramble for liquidity. Central banks had to step in and provide liquidity support to the financial system to prevent liquidity shortages from turning into solvency problems for financial institutions…

Suggested Citation

  • Marie Hoerova, 2017. "Liquidity and Capital: Substitutes or Complements?," World Scientific Book Chapters, in: Douglas D Evanoff & George G Kaufman & Agnese Leonello & Simone Manganelli (ed.), Achieving Financial Stability Challenges to Prudential Regulation, chapter 14, pages 195-205, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813223400_0014
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    Keywords

    Money and Banking; International Banking; Financial Instititions; Banks; Regulations; Compliance; Financial Crisis; Great Financial Crisis 2008; Microprudential; Macroprudential; Financial Stability;
    All these keywords.

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General

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