LIQUIDITY MANAGEMENT IN BANKING CRISES. Course on Financial Instability at the Estonian Central Bank, 9-11 December 2009 – Lecture 3. E Philip Davis NIESR and Brunel University West London [email protected] www.ephilipdavis.com groups.yahoo.com/group/financial_stability. Introduction.
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LIQUIDITY MANAGEMENT IN BANKING CRISES
Course on Financial Instability at the Estonian Central Bank,
9-11 December 2009 – Lecture 3
E Philip Davis
NIESR and Brunel University
1Bank liquidity risk
2The lender of last resort (LOLR)
Bernard H and Bisignano J (2000), "Information, liquidity and risk in the international interbank market: implicit guarantees and private credit market failure", BIS Working Paper No 86
Davis E P (2003), “Lectures in banking economics”, www.ephilipdavis.com
He D (2000), “Emergency liquidity support”, IMF Working Paper 00/79
Hoelscher D S and Quintyn M (2003), “Managing systemic banking crises”, IMF Occasional Paper
Ingves S (2002), “Meeting the challenges for the Chinese financial sector”, Second China Financial Forum, May 15-16 2002