Macroprudential liquidity tools for investment funds - A preliminary discussion

Matteo Cominetta, Claudia Lambert, Anouk Levels, Anders Rydén and Christian Weistroffer

Macroprudential Bulletin, 2018, vol. 6

Abstract: This article aims to facilitate discussion on potential macroprudential tools for investment funds. To this end, the article puts forward an initial assessment based on the application of a conceptual framework and aims to inform the debate on the potential design aspects of macroprudential liquidity tools. In line with the ESRB’s approach to developing macroprudential instruments, the effectiveness and efficiency of various macroprudential liquidity tools for investment funds are thoroughly assessed. The article provides an overview of the various liquidity tools and assesses the suitability of these tools for containing the materialisation of systemic risks through various channels. JEL Classification: G23, G28, E61

Keywords: asset managers; financial stability; investment funds; liquidity tools; macroprudential policy (search for similar items in EconPapers)
Date: 2018-10
Note: 1559770
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Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:ecb:ecbmbu:2018:0006:3

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